China lifts ban on cryptocurrency - page 7.

ityandsyn

member

Activity: 490

Merit: 11

Quote from: kumiskura on November 09, 2018, 12:56:32 PM

guys before talking and starting this topic, we should have gathered more information from different sources other than this one alone. because it might be fake and the latest news that i heard about it was this :
https://cryptoslate.com/no-china-has-not-legalized-nor-put-an-end-to-bitcoin-ban-inaccurate-reports/

we can not believe anything on internet directly and the only one that we can do to confirm this is waiting, waiting an official announcement from China's goverment.

stay safe and be calm

So It's not anymore a good news since you have a link that will oppose the topic and that's consider as fake news , this is a great news thst comes from reliable source before this opposing news was coming and so many bounty getting chaos already .

trudovik

member

Activity: 546

Merit: 10

If this is really true, then I think that BTC would have completely different prices today, because the Chinese love cryptocurrency very much and I think that in the case of BTC it would cost much more.

carrie_white

full member

Activity: 784

Merit: 101

this is true, I have read this news in various sources, and this is a very good thing, especially when the condition of the crypto market is getting worse like this, hopefully this good news is a good start to the beginning of the crypto year

ljp7839008

sr. member

Activity: 490

Merit: 250

Quote from: qualitywork on November 09, 2018, 12:33:26 PM

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

That's just great news. Just before the end of the year. Now it is expected in December of their cryptocurrency growth, just needed good news to maintain growth, and the lifting of the ban on cryptocurrencies in China is just what you need at this moment. Now we expect rapid growth!

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

Quote from: kiemnhieutien on November 13, 2018, 08:11:54 AM

As i read on Fxstreet, it is fake news.

Quote

On October 25, the Shenzhen Court of International Arbitration (SCIA) declared Bitcoin as a property in accordance with the existing legislation of China. It means that Chinese citizens and merchants can transfer and own digital assets on legal grounds, which was never forbidden in China in the first place.

"Although Bitcoin may not be legal currency, that does not prevent it from being protected by law as a property," said SCIA in the released case analysis. "The Party contends that Bitcoin has characteristics of a property (SOV) that can be controlled by the owner; it has economic value and can bring economic benefits to the owner. This does not break any laws. This arbitrator agrees," the decision said

https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

so it's a fake news, well guys the Chinese government don't want to lift the ban of cryptos, don't expect the market will recover this year.

kiemnhieutien

member

Activity: 490

Merit: 17

Quote from: kiemnhieutien on November 13, 2018, 08:11:54 AM

As i read on Fxstreet, it is fake news.
https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

Quote from: Checkoi on November 13, 2018, 08:17:11 AM

This is great news and I also believe that soon the growth of the cryptocurrency market will start

Quote from: - ESPERS - on November 13, 2018, 08:23:44 AM

China lifting the ban on cryptocurrency. This is good news for the crypto market. I really did not see a good reason why this ban exists. This information is true, it will trigger the bullrun expected by everyone and the market will recover. Eventually, the more cryptocurrency will be introduced into the real world, the more expensive it will be due to the high demand.

I feel sad to read this. They try to post as much as they can for post hoarding for signature bounty, they even don't read the thread. That's why many members consider signature bounty members as shit posters and spammers.

- ESPERS -

full member

Activity: 280

Merit: 100

China lifting the ban on cryptocurrency. This is good news for the crypto market. I really did not see a good reason why this ban exists. This information is true, it will trigger the bullrun expected by everyone and the market will recover. Eventually, the more cryptocurrency will be introduced into the real world, the more expensive it will be due to the high demand.

FreeAirdrops

jr. member

Activity: 179

Merit: 6

Infleum

Yes, as others have stated, this is "fake news". I really hope in the near future it will become "real news".

Checkoi

jr. member

Activity: 154

Merit: 1

This is great news and I also believe that soon the growth of the cryptocurrency market will start

kiemnhieutien

member

Activity: 490

Merit: 17

As i read on Fxstreet, it is fake news.

Quote

On October 25, the Shenzhen Court of International Arbitration (SCIA) declared Bitcoin as a property in accordance with the existing legislation of China. It means that Chinese citizens and merchants can transfer and own digital assets on legal grounds, which was never forbidden in China in the first place.

"Although Bitcoin may not be legal currency, that does not prevent it from being protected by law as a property," said SCIA in the released case analysis. "The Party contends that Bitcoin has characteristics of a property (SOV) that can be controlled by the owner; it has economic value and can bring economic benefits to the owner. This does not break any laws. This arbitrator agrees," the decision said

https://www.fxstreet.com/cryptocurrencies/news/china-lifting-bitcoin-ban-is-a-fake-news-cryptocurrency-market-unaffected-201811130416

kenman

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Activity: 196

Merit: 4

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: qualitywork on November 09, 2018, 12:33:26 PM

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

that's cool! I am glad China starts to admit crypto, because it's one of the most influencial economics after all. hope other contries will follow the example. we need that!

Quasimodo75

newbie

Activity: 3

Merit: 0

If this news is accurate then it is a great surprise for the cryptycurrency market.

cctv0

member

Activity: 344

Merit: 10

This is by no means a real news. If China does this, I believe that the cryptocurrency market can flood into $100 billion a day. I don't think their government needs strong support for cryptocurrencies. This is a very developed country.

iwah

jr. member

Activity: 196

Merit: 2

TREEBLOCK.io

Is this news actually true because i am seeing other people saying the new is not true while some say it is true, I don't know which to believe again, but i do wish the news become real true then we might see some growth in time to come.

icegeekfresh

full member

Activity: 406

Merit: 100

Quote from: qualitywork on November 09, 2018, 12:33:26 PM

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

This is good news yes but still there is no much effect, we need big news like 2017. Cboe exchanges listed bitcoin and big players invested to bitcoin so this was very big news for crypto, we need volume and this type of news can get volume to market.

Muhammad Muneeb

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Activity: 644

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: qualitywork on November 09, 2018, 12:33:26 PM

A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.

they lift the ban because they can not controll the holding of crypto it was a good news because it will expose crypto to the country of more than 1 billion people but market is still in bloodbath..

auroboros

sr. member

Activity: 588

Merit: 254

That is the best news that I heard this month regarding crypto currency, because China does have a very important role in the development of crypto, when some time ago China decided to build crypto currency, the price of crypto currency continued to decline and this might be a turning point price of crypto currency

vallydelly

jr. member

Activity: 336

Merit: 2

I have seen many people talk about this but how true is the news? If it's actually true that means we are heading for another bull run because China has a lot population and they will engage into trading which will increase the market volume.

fasdorcas

hero member

Activity: 798

Merit: 527

China would only lift ban on companies, if coinbase opened an office there I am sure china wouldn't mind or bitmain can continue mining there, Chinese government is only rooting against ICO's that makes their people dream wealth, which they can see won't happen so they want to protect their people from it. I think it is not really a big deal whats going on in china, it is definitely something to be looking out for but not a huge thing.

Chinese people are investing into crypto one way or another anyway so I do not think we should be worrying about what china bans or not, as long as Chinese people can VPN their way around and find us, we are fine. There are many Chinese people who are probably even reading this, so don't worry about it and just keep on advertising that way anyway.

Buntel168

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Activity: 854

Merit: 100

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This is good news and I hope crypto can go up after a long fall, I hope the crypto price can rise at the end of this year.

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