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Topic: China is blocking all the Crypto-Currency Exchange sites and ICOs (Read 662 times)

full member
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
The really answer in that banned because crypto not go well in their economy or in their country but i think if you banned crypto that's not really good for them because you can't use the easy transaction here anymore and the wallet(like bank)that you own the key so it's not recommended to banned crypto in your country and better to do is see what digital currency or in crypto can be good in every users another thing we can invest a little only here so if you lose that's affordable and it's run by so much conveniece because if it's not good this will not popular all over the world.
member
Activity: 224
Merit: 10
I hope they totally forbid it and we will get rid of those stupid china based price manipulations. They announce that they forbid something every single week and everybody start to sell their bitcoins in panic. this is really ridiculous. Believe me that it will be much better when china is totally out of crypto market...
I also want to know this question, why the bad news in China, the whole encryption money market always has a big drop, is only the Chinese people in the purchase of cryptocurrency? Huh
newbie
Activity: 112
Merit: 0
I do not think it has a big impact, there are many tools to fly that restriction Roll Eyes
member
Activity: 224
Merit: 10
Streamity Decentralized cryptocurrency exchange
While these are happening, america and other alied nations are using this to improve their economic stance and treating this as an exploit to china since they are totally missing out on this unpredictable and dynamic opportunity. Shame.
newbie
Activity: 110
Merit: 0
China has a very personal concept of democracy and freedom, and the management doesn't like the idea that its citizen could freely trade money everywhere in the world without any control.
But they will remain isolated, so I'm pretty sure that they will change their position.
member
Activity: 392
Merit: 10
This issue is not new to crypto. But after several months it will just go off. Maybe they are just banning those scam ICO. But not the trusted ones.
member
Activity: 126
Merit: 10
They wouldn't want to actually lock themselves out of something which is likely to be a huge industry moving forward, probably shouldn't worry about all the banning FUD flying around too much.
newbie
Activity: 6
Merit: 0
Is it really a big surprise that one of the most oppressive brutal regimes on the planet would ban crypto?  I mean I see how it would affect the market cap which ultimately affects the price but do we really care if china takes there ball and goes home?
sr. member
Activity: 568
Merit: 254
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
It's a fake news they are not banning cryptocurrency, they are only after for ICO scams. They also need to protect their people from scammers all over the globe since there are more scam ICO than the legit one. NEO is one of the ICO in China that support by their people.
full member
Activity: 336
Merit: 203
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
China holds the 30% of mining in the world. They are also creating their own crypto, the "Digital Yuan", based on blockchain and in develop since 2014.
Whatever is China doing with BTC, it is for sure in order to get more money. I believe they have one of the bigger btc reserves in the whole world, so they can speculate about it as they want to.
That's just my opinion, what do you think???
sr. member
Activity: 910
Merit: 255
I hope they totally forbid it and we will get rid of those stupid china based price manipulations. They announce that they forbid something every single week and everybody start to sell their bitcoins in panic. this is really ridiculous. Believe me that it will be much better when china is totally out of crypto market...
jr. member
Activity: 150
Merit: 2
Chinese government has a strict control over the population, and of course doesn't like the idea that a citizen could transfer big sums of money without to be detect.
But it's very simple to bypass any kind of block, so it seems to me just a manipulative claim, with the intent to scare the average citizen.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
China is a great country, but its idea of freedom of the citizen is a little...limited.
Btw, crypto - in spite of these ban - is growing, so in short time chinese government will be forced to change its mind.
jr. member
Activity: 164
Merit: 1
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?


It's clear that China and its citizens'freedoms are somehow apart from each other because they keep everything under control. And one can't control the cryptocurrency. But if people want to mine it and to possess it, they will find the way.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

Imo government effort to restrict cryptocurrency will fail, like their effort to restrict internet and torrent
User can use TOR and VPN to access exchange sites
They also can bribe authority, remember "absolute power corrupt absolutely"
So this issue only temporary imo, this technology cannot be stop
full member
Activity: 518
Merit: 100
I think that China is not yet a reason for the market decline, especially since there are workarounds for trade and ICO ( in the form of VPN) . I think it is not about
newbie
Activity: 8
Merit: 0
This kind of sounds like FUD to me. Whenever anything happens in china the price of crypto tanks, whales buy more, price rises again. Watch, wait, buy the dip amigos.
member
Activity: 154
Merit: 10
Next Generation Agreements for Everyone on The Eth
I don't think it's necessary. There are many ways out of the possible ways to still do the trading.it's another FUD to cause another panic among crypto community.I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.

I do believe China government couldn't fully put barrier on their citizens on accessing and earning Bitcoin and Cryptocurrencies because there are so many ways today that we could still access everything through internet and one of those are just simply using VPN and other IP roxy services.
Earning Cryptocurrencies is the best thing happened in my life since last year so nobody could stop me on earning Crypto even my government or state is blocking everything.
member
Activity: 126
Merit: 21
The government can block any sites they want however people in china will always find ways and means to still trade. We can always use VPN's to be able to access to trading sites. Chinese can still continue with their trading but with much caution as this could be illegal already and anytime they are already being tracked by the government and could potentially loose all their earnings.
newbie
Activity: 168
Merit: 0
I don't think it's necessary. There are many ways out of the possible ways to still do the trading.it's another FUD to cause another panic among crypto community.I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.
member
Activity: 273
Merit: 11
China is a strange blend of free market and centralized economy, and most of politicians still have communist mentality.
So it's normal that they don't like that their citizens had the possibility to transfer big sums of money without any control by government.
But I think they will find a way to make just some rules to have a more controlled crypto system.
There is no sense in a total ban.
newbie
Activity: 154
Merit: 0
Chinese politicians are obsessed with control, and the idea that population could make free trades make them crazy, so they react hysterically.
But there is no much that they can do, at global level: when bitcoin will become generally accepted, you can bet that chinese will change their mind.
hero member
Activity: 1092
Merit: 501
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
It is to be expected these measures keep getting tighter so if anyone can get their money out of China do it now, you may not have another chance to do it in a long time with such an oppressive regimen, it is such a shame really, the Chinese had a very strong lead in cryptocurrencies and they could have changed the world with it and defeated the US dollar as the world currency but now they are going to be left behind and if they want to get in again it will be too late.
full member
Activity: 532
Merit: 100
i think china is planning something big. they want to prevent illegal use of cryptocurrency and maybe to regulate it. because they can't control it they want to ban it. maybe later when they can solve this problem they can un-ban cryptocurrency in their country.
member
Activity: 114
Merit: 12
I think this is already a recycled news to create FUD in the ecosystem of cryptocurrency. China is not the only one who trade in the world and there are more alternative trading platform that is not based in China that is operating smoothly. The owners can also create their own platform outside China if the government doesn't allow cryptocurrency trading. I doubt if China will do such actions.
newbie
Activity: 229
Merit: 0
i do not understand with what is done by china. they want to master bitcoin and crypto world, and they also want to create crypto. but they use the wrong way. they just make the crypto world sick.

and today they ban ICO and blocking exchange . is this information correct? because I see there is still an ICO they make, like a zipper.

so I'm still doubt of what you wrote,
member
Activity: 350
Merit: 12
Well, chinese people are smart, but don't forget that to make something illegal in China is not a so good idea: Chinese leadership has no sense of humor, and if you break the law you likely will face jail or even death penalty.





The Chinese, in any case, will find a way to bypass prohibitions related to the crypto currency, because the potential for crypto currency is high in terms of development. No wonder the whole world is sitting on Chinese phones. Grin Grin Grin
newbie
Activity: 58
Merit: 0
They wouldn't want to actually lock themselves out of something which is likely to be a huge industry moving forward, probably shouldn't worry about all the banning FUD flying around too much.
full member
Activity: 196
Merit: 100
They are just making it hard but they know there are still going to be loopholes since cryptos can be very lucrative investments.
Once China have their own cryptocurrency is when they will step in and regulate it. They are just preparing for it.
full member
Activity: 259
Merit: 100
- "Bitcore (BTX) - The Future is Now"
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

I can not understand why China is doing this. But I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.

China is not famous for granting freedoms to its citizens, they rather want to keep everything under control. And "under control" is perhaps the most incompatible term with crypto, because it is very difficult to control, if at all. Add to that the number of mining organizations and investors in China, and you can see how easily these people can take a lot of money off the grid. I doubt the Chinese government would love this that much.
I agree and anybody with a bit of knowledge of the Chinese government could have seen this coming.
If the government can't control it they will do whatever they can to at least keep it toned down , it will be interesting to see how and if crypto will be used in the future.
newbie
Activity: 10
Merit: 0
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

hahahahah you sir are a legend!!! fight the power
member
Activity: 154
Merit: 11
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

I can not understand why China is doing this. But I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.

China is not famous for granting freedoms to its citizens, they rather want to keep everything under control. And "under control" is perhaps the most incompatible term with crypto, because it is very difficult to control, if at all. Add to that the number of mining organizations and investors in China, and you can see how easily these people can take a lot of money off the grid. I doubt the Chinese government would love this that much.
full member
Activity: 686
Merit: 102
I think Chinese will any way find how to earn cryptocurrency. And no one will be stopped by government, because if the man really wants - he will do that. The same I think about China and cryptocurrency))))
So in any situation they will find the way to earn and speculate crypto
jr. member
Activity: 308
Merit: 2
The Chinese, in any case, will find a way to bypass prohibitions related to the crypto currency, because the potential for crypto currency is high in terms of development. No wonder the whole world is sitting on Chinese phones. Grin Grin Grin
jr. member
Activity: 210
Merit: 1
OMNITY Knowledge, connected
Chinese government is obsessed with control, so it can't tolerate the idea that people could move money in an anonymous way.
But it's an antihistorical decision, because the rest of the world won't stop.
We'll see, it will be a bloody war.
member
Activity: 644
Merit: 10
Frankly speaking, I think that China has a very strong influence on the world and on the whole of the crypto currency, because there is a large number of miners of our beloved bitcoin concentrated there. Therefore, I think that it is China that can prohibit the whole of the crypto currency
Perhaps all these actions are connected with something more global. Perhaps the Chinese government is looking for ways to profit from all this, and first of all to get control of this business completely.
member
Activity: 490
Merit: 10
Bitfresh - iGaming with 90s UI
Frankly speaking, I think that China has a very strong influence on the world and on the whole of the crypto currency, because there is a large number of miners of our beloved bitcoin concentrated there. Therefore, I think that it is China that can prohibit the whole of the crypto currency
member
Activity: 336
Merit: 10
If that's true, I think a bit more will definitely affect the market crypto currency. Because as we know, China is one of the biggest markets. As we now feel, bitcoin & altcoin rates drop dramatically. Probably one factor because of the issue.
full member
Activity: 630
Merit: 100
China is certainly the country in the world that is most opposed to the cryptocurrency sector. He is trying in every way to make restrictions of all kinds to limit the use of cryptocurrencies in his territory, I am sorry that the chinese have to live this absurd situation
full member
Activity: 266
Merit: 108
blocking is not a solution. domain can move and everything go on with same form. we will win, not government!
newbie
Activity: 28
Merit: 0
I do not like it. But if China prohibits, the purchase of ico will be less competitive
member
Activity: 224
Merit: 10
I hope Chinese people can use VPN. Is it banned in their country?
It is illegal to set up a server to provide VPN services.
However, it is not illegal to use a VPN because there are many people who use VPN, and the government is totally unable to control the occurrence of such things.
member
Activity: 224
Merit: 10
That is maybe a tenth time this fake news went out. China is not blocking exchange sites and ICOs, but they do want to regulate them. Some permanent blocks could be necessary along the way through, nothing to be worried about, only annoyed, and only if you are a Chinese trader.

You must understand that Chinese Government only wants to find the way to make this for their benefit, if not to protect people.
China may block all non-Chinese projects in the future though. That is what they did with search engines, news portals etc. They have their versions of everything, even iPhone. That way all the money is staying in China. It is called a strategy, we can argue it (especially about the intellectual property and patent rights) but it is valid.
No, the Chinese government does want to limit the existence of these exchanges.
I quite agree with you that it is true that the Chinese government only considers its own interests most of the time, not the interests of the people.
sr. member
Activity: 518
Merit: 250
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
If right! This is not good news for digital money! Because there are so many projects and exchange in China!
I hope not
 Angry Angry Angry
newbie
Activity: 1
Merit: 0
I hope Chinese people can use VPN. Is it banned in their country?
full member
Activity: 518
Merit: 101
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

I can not understand why China is doing this. But I think that people will be able to learn news about the crypto currency in this forum and look for ways to use their coins.
full member
Activity: 378
Merit: 101
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
This news is pretty old if you're talking about the ban on bitcoin, cryptocurrencies and ICO's, last year China already imposed the ban on this coin, but guess the month of December what is the price before the weeks of Christmas? did it dump 600 USD? it's true that it decreases from 20k to a fluctuating price of 8k range, so for me, I doubt it will dump that much, btc gained so much fame, supporters and big investors with a great support from their owned platforms.
full member
Activity: 672
Merit: 100
I think it's probably time to leave China and their views on crypto-currencies and miners from China. I think it's worth moving to another country with a more serious potential, to a country that is not so critical to crypto-currencies.
sr. member
Activity: 647
Merit: 260
This is just another trade to make some FUD about crypto. Countries like China are just scared of cryptocurrencies like the most other countries out there. So dont worry guys, we are here for the long run and this will be a great one!
sr. member
Activity: 770
Merit: 251
MOBU - FUTURE OF SECURITY TOKENS
This is not new since CHINA had declare total ban of bitcoin and cryptos before. Yes, it do some damage in the cryptoworld and causes bitcoin to fall down that time but bitcoin showed to us how dominant it is and just a couple of days after that crisis, bitcoin started to skyrocket its market price that went off the charts breaking almost every barrier that's on its way and made a history of reaching its highest market value at 20,000$.

So that is a pure statement that cryptoworld can live without CHINA.

Sure it can live without China. But what if other countries will follow the example of China? Will Bitcoin hold out such a pressure?
full member
Activity: 434
Merit: 100
This is not new since CHINA had declare total ban of bitcoin and cryptos before. Yes, it do some damage in the cryptoworld and causes bitcoin to fall down that time but bitcoin showed to us how dominant it is and just a couple of days after that crisis, bitcoin started to skyrocket its market price that went off the charts breaking almost every barrier that's on its way and made a history of reaching its highest market value at 20,000$.

So that is a pure statement that cryptoworld can live without CHINA.
member
Activity: 182
Merit: 10
The World's Most Secure Cash & Crypto Platform
this is bad for crypto investment,i hope they reverse this trend

I don't think the Crypto Market World needs Chinese Government in order to proceed on taking over our financial innovation in the future. Whether they adapt Blockchain or not but the Crypto Market clearly doesn't need a portion of the world of pie to be eaten.
I mean, Blockchain and Cryptocurrency would still innovate and revolutionize the way we use money on trading and things we used like payment for products and services locally and internationally.
The fact is, even China disrupts Blockchain and Cryptocurrency and blocking everything then their citizen could still access their Crypto Assets using VPN and other proxy.
newbie
Activity: 27
Merit: 0
this is bad for crypto investment,i hope they reverse this trend
member
Activity: 224
Merit: 10
Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?

Here it is https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

They are very serious on cracking down blockchain and they don't want to adapt the future because seems they only care of preparing for war, well, it's only my opinion as everyone seeing different things with the same subject.
But I don't see how difficult the current deal is.
Although the government has banned exchanges and ICO, we can still use a VPN to solve this problem, and there is no need to worry.
member
Activity: 182
Merit: 40
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
Why does the price fall when the news comes out?
It has no effect on the Chinese, and I can't understand it. Huh
It has effected user psychology. They lost their trust, lost their money so not much users want to buy back, and they still afraid of new decline.
Not to mention that many in China were easily getting around previous restrictions by simply using foreign exchanges and the likes. Now they cannot access these unless they can subvert the firewall. It's fairly significant. The price already did fall on that news being released. It was one of the many things that contributed to the price going to 6k.

Indeed, in reality, China couldn't totally block their citizens' access to Blockchain and Crypto related activities because this kinda technology requires large scale technical knowledge on internet stuff.
I do believe that Chinese Crypto Enthusiasts are very familiar with VPN so they could still get access on Crypto services like ICOs, mining and other stuff.
Blockchain and Crypto cannot be stopped by Governments, States, Organizations and individuals hence China couldn't stop it even in their own soil and people would still access anything over government's watch.
full member
Activity: 177
Merit: 102
🤖UBEX.COM 🤖
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
Why does the price fall when the news comes out?
It has no effect on the Chinese, and I can't understand it. Huh
It has effected user psychology. They lost their trust, lost their money so not much users want to buy back, and they still afraid of new decline.

Not to mention that many in China were easily getting around previous restrictions by simply using foreign exchanges and the likes. Now they cannot access these unless they can subvert the firewall. It's fairly significant. The price already did fall on that news being released. It was one of the many things that contributed to the price going to 6k.
member
Activity: 224
Merit: 12
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
Theres is nothing to worry about,nothing new with china's restrictions they wanted to block most of the good things in their country and will eventually create a duplicate that can be called their's.This is how China works,it is a communist country which is why the government keep dictating the people's freedom in almost everything,peole in other countries are immune to china's restrictions and most of us doesnt care about China anymore.
member
Activity: 182
Merit: 10
PRESALE BEGINS UP TO 45% DISCOUNT
Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?

Here it is https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

They are very serious on cracking down blockchain and they don't want to adapt the future because seems they only care of preparing for war, well, it's only my opinion as everyone seeing different things with the same subject.
China has always been ready for war. Due to the large population in  a small  territory.
Especially now, when the USA withdraws its business from China.
 Many people in China are trying to earn even on the prohibitions of crypto-currencies. There were many websites with offers of free candies. Come, get, exchange from us- Pay a commission for illiquid coins.


So, you believe that refusing to adapt Cryptocurrency and Blockchain is to divert their financial assets into the preparation for war? I don't think so.
China is the most populated country in Asia so Technology innovation and Cryptocurrency within China will affect the impact of the world market because Chinese do love technology and innovations but their government is seeing differently on adapting Blockchain and Cryptocurrency for them it will affect their economy badly and they are afraid that this blockchain will sabotage their sovereign currency as well.

There are still ways to collect taxes from the people who earned though Cryptocurrencies just like in USA, Crypto earners are paying taxes on IRS and whatever they get from the Crypto exchange sites they are oblige to pay any kind of taxes before the money get on their hands.
I mean Chinese government do still get taxes from their citizens who are earning Cryptocurrencies but they don't want Blockchain and Cryptocurrency to dominate on their land and they hate whatever the western technology because they just want the world use their products and their technology for their own advancement.
sr. member
Activity: 1002
Merit: 250
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
Why does the price fall when the news comes out?
It has no effect on the Chinese, and I can't understand it. Huh
It has effected user psychology. They lost their trust, lost their money so not much users want to buy back, and they still afraid of new decline.
member
Activity: 224
Merit: 10
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
Why does the price fall when the news comes out?
It has no effect on the Chinese, and I can't understand it. Huh
member
Activity: 714
Merit: 10
Living is easy with eyes closed ...
After such news, bitcoin will fall even lower. It seems that we are really waiting for support at $ 600.
member
Activity: 224
Merit: 10
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
That's not the case. Why would China limit the cryptocurrency markets?
Because there are a lot of fraudulent ICO projects in China, and China is corrupt, many people transfer their assets abroad through BTC, which is not allowed by the government.
And they restrict access to sites linked to cryptocurrencies, but China does not ban citizens from buying BTC and private transactions.
You are right, corruption in China is very serious, before China hit a lot of corrupt officials, corrupt officials and criminals in China are to use bitcoin to transfer assets and money laundering, before my friend was some fraudulent ICO To cheat, these news is very common in China, so China will have to limit the development of cryptocurrency, but China does not prohibit bitcoin transactions, as others say you can use the wall software to break through this limit.
There are severe penalties for corruption In China.But using blockchain technology allows you to get away from taxes, offshores and keeps the client confidential in transactions. Taxes, corruption... but there is another aspect because of which each state is trying to prohibit the cryptocurrency
this is an expansion of business. This is the purchase and sale of assets of enterprises by unknown foreign investors.An active artificial decline began after the World Economic Forum in Davos
Indeed, China's corruption problem is quite serious, many officials and wealthy by encrypting the currency markets to transfer assets to foreign countries, while China's regime and the feudal system, they can only suppress this kind of behavior.
member
Activity: 224
Merit: 10
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin
Or they can move to other countries by migration it would be their option like what other exchanges from china did,they transfered their headquarters to hongkong and japan,surely these chinese investors wont be stopped by their own government because people find their ways.

But the real issue here are the users and investors. They will face issues and troubles into accessing Cryptocurrency exchanges because some exchanges are having blacklists especially when that IP comes from VPN services.
Chinese people cannot use Cryptocurrency related sites without using VPN this time and I believe that this will be one of the causes for this major dip this week.
I have the opposite view.
These  foreign exchanges do not exclude Chinese users. Instead, they welcome Chinese users and even teach Chinese users how to use VPN tools.
member
Activity: 196
Merit: 50
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Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?

Here it is https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

They are very serious on cracking down blockchain and they don't want to adapt the future because seems they only care of preparing for war, well, it's only my opinion as everyone seeing different things with the same subject.
China has always been ready for war. Due to the large population in  a small  territory.
Especially now, when the USA withdraws its business from China.
 Many people in China are trying to earn even on the prohibitions of crypto-currencies. There were many websites with offers of free candies. Come, get, exchange from us- Pay a commission for illiquid coins.


So, you believe that refusing to adapt Cryptocurrency and Blockchain is to divert their financial assets into the preparation for war? I don't think so.
China is the most populated country in Asia so Technology innovation and Cryptocurrency within China will affect the impact of the world market because Chinese do love technology and innovations but their government is seeing differently on adapting Blockchain and Cryptocurrency for them it will affect their economy badly and they are afraid that this blockchain will sabotage their sovereign currency as well.
full member
Activity: 1022
Merit: 106
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
That's not the case. Why would China limit the cryptocurrency markets?
Because there are a lot of fraudulent ICO projects in China, and China is corrupt, many people transfer their assets abroad through BTC, which is not allowed by the government.
And they restrict access to sites linked to cryptocurrencies, but China does not ban citizens from buying BTC and private transactions.
You are right, corruption in China is very serious, before China hit a lot of corrupt officials, corrupt officials and criminals in China are to use bitcoin to transfer assets and money laundering, before my friend was some fraudulent ICO To cheat, these news is very common in China, so China will have to limit the development of cryptocurrency, but China does not prohibit bitcoin transactions, as others say you can use the wall software to break through this limit.
There are severe penalties for corruption In China.But using blockchain technology allows you to get away from taxes, offshores and keeps the client confidential in transactions. Taxes, corruption... but there is another aspect because of which each state is trying to prohibit the cryptocurrency
this is an expansion of business. This is the purchase and sale of assets of enterprises by unknown foreign investors.An active artificial decline began after the World Economic Forum in Davos
newbie
Activity: 112
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is it true whether ico is applied to the public?
full member
Activity: 246
Merit: 102
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
That's not the case. Why would China limit the cryptocurrency markets?
Because there are a lot of fraudulent ICO projects in China, and China is corrupt, many people transfer their assets abroad through BTC, which is not allowed by the government.
And they restrict access to sites linked to cryptocurrencies, but China does not ban citizens from buying BTC and private transactions.
You are right, corruption in China is very serious, before China hit a lot of corrupt officials, corrupt officials and criminals in China are to use bitcoin to transfer assets and money laundering, before my friend was some fraudulent ICO To cheat, these news is very common in China, so China will have to limit the development of cryptocurrency, but China does not prohibit bitcoin transactions, as others say you can use the wall software to break through this limit.
member
Activity: 182
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China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
CCN source? nahh,it might be anotjer FUD,stop spreading news because it may harm the whole maket,it will cause another bloodbath because most of the big players will do panic selling while they shouldnt be doing because it is unconfirmed,CNN is a biased network the bankers might be paying them to release news like this.
newbie
Activity: 22
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China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?

Another FUD coming in, we have seen this before, FUD comes in, market crashes, then FUD turns out to be fake, market recovers. These series of events really gives you the perspective on how manipulated the world is in every way.
member
Activity: 490
Merit: 28
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
We are just expeculate too much that China will crackdown ICO and crypto currency in very harsh manner  but there is also tendency that China will soften thier stand againts crypto currency because many thier citezen are also affected, I think China will just want control.

newbie
Activity: 168
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Didn't they already try doing this in the past?  Huh

Also, what about Ripple? Will they block that too? Doubt it.

Either way, if this news becomes being officially regulated or not, it will probably spawn a lot of FUD - causing people to sell due to panic.
full member
Activity: 1022
Merit: 106
Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?

Here it is https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

They are very serious on cracking down blockchain and they don't want to adapt the future because seems they only care of preparing for war, well, it's only my opinion as everyone seeing different things with the same subject.
China has always been ready for war. Due to the large population in  a small  territory.
Especially now, when the USA withdraws its business from China.
 Many people in China are trying to earn even on the prohibitions of crypto-currencies. There were many websites with offers of free candies. Come, get, exchange from us- Pay a commission for illiquid coins.
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There are many myths and fakes. The market is falling because of the players.

I agree there are some fakes and FUDs but this time when China addresses cryptocurrency reports then they're all real.
Bitcoin surges almost to the $20,000 before 2017 ends then China banned foreign cryptocurrency exchange and trades that made the whole market crashed. Last 2 weeks South Korea FUDs Market Ban as well that's what made the market crash more and the now lately China will block Cryptocurrency related sites so Chinese won't be able to access and earn cryptocurrencies anymore except using VPNs.
I agree there are some players behind but this things could trigger momentums as well.
full member
Activity: 322
Merit: 141
That is maybe a tenth time this fake news went out. China is not blocking exchange sites and ICOs, but they do want to regulate them. Some permanent blocks could be necessary along the way through, nothing to be worried about, only annoyed, and only if you are a Chinese trader.

You must understand that Chinese Government only wants to find the way to make this for their benefit, if not to protect people.
China may block all non-Chinese projects in the future though. That is what they did with search engines, news portals etc. They have their versions of everything, even iPhone. That way all the money is staying in China. It is called a strategy, we can argue it (especially about the intellectual property and patent rights) but it is valid.
newbie
Activity: 8
Merit: 1
The crack down by the Chinese government will have an impact on the adoption of the technology. It will be harder for people to perform legitimate transactions without the fear of punishment and will relegate the use of bitcoin only for black market stuff, because they disregard the laws anyway. And this will be used to attack the bitcoin ecosystem with people saying "Look, bitcoin is used by criminals to evade government, we should ban it, only bad people need to use bitcoin".

My hope is that the disruption caused by this technology will be so great that it won't be possible to ignore and people will put pressure on their governments to allow them to use bitcoin and other cryptocurrencies in day to day transactions.
full member
Activity: 630
Merit: 100
It is an absurd decision, perhaps they are frightened of the benefits that the blockchain sector could bring to the chinese people, who are forced to live in one of the ugliest dictatorships in the world
copper member
Activity: 1526
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Market is already crashing.. and this looks like a down hill journey of crypto has started Sad
jr. member
Activity: 126
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There are many myths and fakes. The market is falling because of the players.
member
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Even if this is true, but these restrictions are bypassed through the VPN, this is the negative news that pressure some to the holders.
full member
Activity: 644
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I dont really understand why China doing that? Is this only FUD or any official statement from China about it? As I know cryptocurrency given many advantages to their community, many people can gained monthly income from cryptocurrency for their live and their family just like me, so cryptocurrency should be get many support from many party include goverment.
member
Activity: 406
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Until the end of time
I think it's another FUD to cause another panic among crypto community. It's a not yet official it's been circulated around the social media.
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Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?

Here it is https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

They are very serious on cracking down blockchain and they don't want to adapt the future because seems they only care of preparing for war, well, it's only my opinion as everyone seeing different things with the same subject.
member
Activity: 322
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I don't think it's necessary. There are many ways out of the possible ways to still do the trading
full member
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Can you give me a reliable source where I can read more about this? Is this news confirmed by chinese goverment? Or is this just another fud from west?
member
Activity: 196
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I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin
Or they can move to other countries by migration it would be their option like what other exchanges from china did,they transfered their headquarters to hongkong and japan,surely these chinese investors wont be stopped by their own government because people find their ways.

But the real issue here are the users and investors. They will face issues and troubles into accessing Cryptocurrency exchanges because some exchanges are having blacklists especially when that IP comes from VPN services.
Chinese people cannot use Cryptocurrency related sites without using VPN this time and I believe that this will be one of the causes for this major dip this week.
member
Activity: 224
Merit: 10
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin
Or they can move to other countries by migration it would be their option like what other exchanges from china did,they transfered their headquarters to hongkong and japan,surely these chinese investors wont be stopped by their own government because people find their ways.
emmmmm... I don't think it's necessary.
Because we can use a VPN to break through this restriction.
member
Activity: 224
Merit: 10
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
That's not the case. Why would China limit the cryptocurrency markets?
Because there are a lot of fraudulent ICO projects in China, and China is corrupt, many people transfer their assets abroad through BTC, which is not allowed by the government.
And they restrict access to sites linked to cryptocurrencies, but China does not ban citizens from buying BTC and private transactions.
member
Activity: 168
Merit: 12
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin
Or they can move to other countries by migration it would be their option like what other exchanges from china did,they transfered their headquarters to hongkong and japan,surely these chinese investors wont be stopped by their own government because people find their ways.
member
Activity: 196
Merit: 50
OMNI TOKEN PLATFORM FOR PAYMENTS
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin

Well, everyone can find a lot of ways on accessing and earning Cryptocurrencies but I think the hassle and risks are high. The only Chinese people who knows and educated what Blockchain and Cryptocurrency does are the ones who are trying to earn at any cost.
My thoughts for this Chinese Government on cracking down cryptocurrency related websites will limit their citizens on adapting the future of monetary system.
I just hope it will be on China and the rest of the world will adapt blockchain.
member
Activity: 224
Merit: 10
I don't think the Chinese government has a big impact on this measure.

Because the Chinese can still use a VPN to break through this restriction, just like I do now, I use a VPN and then communicate with you. Grin
member
Activity: 196
Merit: 50
OMNI TOKEN PLATFORM FOR PAYMENTS
China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. - CCN

What are your thoughts about this?
Is this the reason why Bitcoin and Altcoins are drowning in Bloodbaths since late January?
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