Topic: Chinese citizens could safely hold Bitcoin - page 3. (Read 692 times)
No doubt chinese citizens could hold bitcoin very effectively.. As we know china is the biggest country in the world as it is biggest so its populations is also ver large...so it will definatly effect on market of Bitcoin..
I would say China is still in limbo when it comes to clear guidelines for Crypto currencies. They, like many other countries are trying to catch up to the new technology by defining it properly and then formulating "bulletproof" regulation to control it.
China will never allow Bitcoin or any other Crypto currency for that matter, to give 100% financial freedom to their citizens and that is clear with all other prohibitive legislation and regulations that are applied to people living in China now.
Capital flight and cross border transactions with Crypto currencies are still one of the challenges for countries like China.
China will never allow Bitcoin or any other Crypto currency for that matter, to give 100% financial freedom to their citizens and that is clear with all other prohibitive legislation and regulations that are applied to people living in China now.
Capital flight and cross border transactions with Crypto currencies are still one of the challenges for countries like China.
Its hard to justify China's stance, previously ASICs machines are turned in metals by regulations, and seems to deter cryptocurrency to prevent unlawful moving of assets. Still IMO its really important for their citizen to not be illegal for simply holding bitcoins or any other tokens. Noted that law can change time to time or interpreted differently, there will be more use case and regulations will come over. Still most china user do trade in foreign exchanges and their identity seems to be pretty safe. Bullish news but i would say bitcoin would stay pretty neutral as there's more crucial factor that drive its growth.
As title said "Chinese citizens could safely hold Bitcoin", just read a article from Ethereumworldnews, you might read that article for more details "China: Hodling Bitcoin (BTC) and P2P OTC Trading is Legal".
However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
Chinese has been using bitcoin and other alts more than anyone in the world. Though trading through bank integration and fiat to crypto exchanges are not allowed, people, merchants and shops are freely accepting cryptos more than anywhere you'll find.
And it's totally legal.
https://mp.weixin.qq.com/s/U_qDgQN9hceLBbpQ13eEdQ
When China legally accepts bitcoin that will be the biggest breakout in cryptocurrencies. I'm sure a lot of Chinese exchanges will emerge.
As title said "Chinese citizens could safely hold Bitcoin", just read a article from Ethereumworldnews, you might read that article for more details "China: Hodling Bitcoin (BTC) and P2P OTC Trading is Legal".
However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
I think that this is a really fantastic , since the news about the Chinese government banning bitcoin mining hit a the people over there a lot, and they stared having concernes about whether bitcoin is going to become illegal in China, and that would have been a disaster if it happend and it would have had a really bad impact on the price since there are a lot of bitcoin users coming from china, even though bitcoin is decentralized. However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
that is good news. China has a big influence on the growth of BTC and the crypto world. I think that the Chinese government needs regulations to control each crypto scheme. we know that 70% of Chinese people have a high enthusiasm for Bitcoin.
As the article says: *there is a very thin line between what is legal and what is illegal*. It's hard to say it's good news or not, as the government interpretation of the events can change suddenly. What I can say is that seems it's legal and safe to hodl bitcoin in China, but for how long?
If chineses start putting their money in btc to protect their wealthy from yuan devaluation, do you really think the local government will keep allowing this practice?
If chineses start putting their money in btc to protect their wealthy from yuan devaluation, do you really think the local government will keep allowing this practice?
Finally the Chinese government stopped being stubborn about preventing Bitcoin usage and let its citizens hold Bitcoin. I don't understand that why they banned Bitcoin usage in the first place ?
As title said "Chinese citizens could safely hold Bitcoin", just read a article from Ethereumworldnews, you might read that article for more details "China: Hodling Bitcoin (BTC) and P2P OTC Trading is Legal".
However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
Firstly, I believe if the article wrote about Bitcoin news in China is true because I don't trust the link site and we both saw alot of crypto exchange site which evacuated China in the year 2017. Besides, what I read is that There are currently no laws, rulings, or announcements from regulatory bodies such as the People’s Bank of China (PBoC) or the Ministry of Industry and Information Technology (MIIT) on the legality of Bitcoin and its trading.However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
If the news was truth, it will surge the price of Bitcoin market but we still need to wait for confirmation.
Well, the government has no choice. It is hard to prevent or censor this sort of thing.
Holding your bitcoin private keys in safe devices or paper wallet should be as safe as writing few numbers on paper or keeping few data in tiny memory card..
Holding your bitcoin private keys in safe devices or paper wallet should be as safe as writing few numbers on paper or keeping few data in tiny memory card..
That's a great news for chinese cryptocurrency lovers and holders! china is very large country and new economic super power also! so it's a great news of cryptocurrency they are make legal to use cryptocurreny in their country! mow chinese people can freely use cryptocurrency as a many way and payment gateway also.
unless they start letting exchanges open up in China and operate in that country while regulating them in a way to prevent them from turning into money laundering machines like before, there is nothing new happening.
Chinese citizens and any other citizens of any other country could always hold bitcoin safely because of bitcoin's security and decentralization itself which has nothing to do with the government and their decisions.
as for OTC trading, it has been legal (again nothing is new) that is how Chinese have been trading bitcoin for nearly 2 years now ever since they shut down Chinese exchanges.
Chinese citizens and any other citizens of any other country could always hold bitcoin safely because of bitcoin's security and decentralization itself which has nothing to do with the government and their decisions.
as for OTC trading, it has been legal (again nothing is new) that is how Chinese have been trading bitcoin for nearly 2 years now ever since they shut down Chinese exchanges.
China has always given strict regulations to its citizens, including in the matter of investing / buying crypto currencies including bitcoin, the Chinese state used to forbid its citizens to have crypto currencies other than crypto currencies made by the Chinese state itself, this is indeed a good aim to advance the products they have developed, but on the other hand this is a rule that harms its citizens because it is prohibited from using external products, maybe the Chinese government has taken a new strategy where they give freedom to their citizens to hold bitcoin and crypto currencies.
Bitcoin's reach in China is really extensive. OF course we know that bitcoin mining is dominated by China but their government is now more open to crypto. Asian countries seem to have a much more favorable attitude towards crypto than European nations.
As title said "Chinese citizens could safely hold Bitcoin", just read a article from Ethereumworldnews, you might read that article for more details "China: Hodling Bitcoin (BTC) and P2P OTC Trading is Legal".
However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
This would be great now we could expect more investor from China and we all know that Chinese People are known for being a business minded and an investor ,However, this is a good news for Chinese crypto users. They could hold bitcoin legally without fear of government. I think the positive impact of this news would reflect on bitcoin price.
What you think about it?
So I think this would really be great for crypto to have so many great investors in the future.
This is not surprising in China already between many times and they do not trust cryptocurrencies in their country. But as for as, the legitimacy of the cryptocurrency goes China cannot be trusted maybe they're just planning to allow Bitcoin trading for some time so they can allow their own coin to enter the market and first Chinese people to trade their own coin. And as we know the Chinese government can do whatever they want for the money. As example, they are the biggest mining region in the world they literally squatch economy with their mining rigs.
i don't see anything new here. the article is rehashing the same old stories with some vague arguments here and there and the author probably has no idea what is going on in China. from day one it has always been legal and safe to trade and hold bitcoin without any problems and 90% of the news that has the word "China" in it is mostly fake news coming from the imagination and exaggeration of the news sites to get more traffic.
It's a positive news and I hope Chinese government don't make a U-turn and start hunting bitcoin investors, It would have been better they just come out straight and state their plan. Congratulation to our Chinese members and bitcoin investors.
China are the most population around the world, if I'm not mistaken, it will bring affect on crypto value globally.
Also let say if their government also support, there will be no doubt that the uptrend will continue
All we can do is just hold and the profit will come upon you
Also let say if their government also support, there will be no doubt that the uptrend will continue
All we can do is just hold and the profit will come upon you
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