Topic: Chinese Government Official Believes Bitcoin Can Coexist with Central Banks (Read 822 times)
February 09, 2015, 09:09:19 AM
China is kinda fickle-minded about bitcoin. Once rumors spread that China would ban bitcoin, then the next day they wouldn't, and now they believe that it can Coexist with the government? How many times will China "ban" bitcoin before they officially embrace it?
February 09, 2015, 09:01:04 AM
Pft, with how many times China has "banned" Bitcoin, I'll see it when I believe it!
Also, need a more official source than Cryptocurrency News for confirmation. Like a Bloomberg or CNBC before I start buying up more coin.
Also, need a more official source than Cryptocurrency News for confirmation. Like a Bloomberg or CNBC before I start buying up more coin.
February 09, 2015, 08:53:06 AM
I think gradually all governments will accept. They never had the choice anyway. They only pretended to wait and watch. It has already coexisted for 6 years..so what's the big deal about some govt official saying it CAN. Maybe the govt official is trying to gain some cheap publicity.
February 09, 2015, 07:44:05 AM
Chinese Government Official Believes Bitcoin Can Coexist with Central Bank's Private Money
https://www.cryptocoinsnews.com/chinese-government-official-believes-bitcoin-can-coexist-government-money/
I never heard this.https://www.cryptocoinsnews.com/chinese-government-official-believes-bitcoin-can-coexist-government-money/
Actually, Bitcoin was forbidden to be money.
It's just asset, it can't be used to pay.
February 09, 2015, 03:19:44 AM
Hong Kong has already begun the transition to entirely digital money system. Specifically debit and credit card based. They plan to have no paper money within the decade. Bitcoin fits nicely into this plan.
Any article or resource to show that ?
February 09, 2015, 03:07:27 AM
Hong Kong has already begun the transition to entirely digital money system. Specifically debit and credit card based. They plan to have no paper money within the decade. Bitcoin fits nicely into this plan.
Hongkong is different from China mainland with different social system, so we won't be surprised if this happen in Hongkong.
February 08, 2015, 11:04:32 PM
Hong Kong has already begun the transition to entirely digital money system. Specifically debit and credit card based. They plan to have no paper money within the decade. Bitcoin fits nicely into this plan.
February 08, 2015, 08:58:20 PM
There will be a long, and possibly violent, sunsetting of the nation state this century. For this coming era, state government as we know it and cryptocurrency will coexist.
February 08, 2015, 08:37:22 PM
That is old news.
In China, up to now no one has been arrested or charged for using/trading BTC.
Gov neither supports nor bans btc.
Only Banks are anti-bitcoin.
Things aren't perfectly ok in china tho:In China, up to now no one has been arrested or charged for using/trading BTC.
Gov neither supports nor bans btc.
Only Banks are anti-bitcoin.
https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country
February 08, 2015, 08:18:38 PM
That is old news.
In China, up to now no one has been arrested or charged for using/trading BTC.
Gov neither supports nor bans btc.
Only Banks are anti-bitcoin.
In China, up to now no one has been arrested or charged for using/trading BTC.
Gov neither supports nor bans btc.
Only Banks are anti-bitcoin.
February 08, 2015, 08:08:27 PM
I am not surprised that the Chinese favor Bitcoin. They will always embrace a currency other than the US dollar.
Im surprised too specially since the (supossed) big crash of one of the chinese exchanges with millions in loses.
February 08, 2015, 06:54:48 PM
I am not surprised that the Chinese favor Bitcoin. They will always embrace a currency other than the US dollar.
sometimes they say positive things(it is not the first time), sometimes they say negative ones. In fact you can never know what is their true position about it.
Only certain thing is the acts of PBOC, mostly negative, so far.
February 08, 2015, 06:39:23 PM
I am not surprised that the Chinese favor Bitcoin. They will always embrace a currency other than the US dollar.
Im surprised too specially since the (supossed) big crash of one of the chinese exchanges with millions in loses. February 08, 2015, 02:57:12 PM
I see Bitcoin as becoming a major form of alternative currency, even though I don't believe it will be the leading cryptocurrency in the future.
You should define future.
I think you might be right, but it could take another 100 years.
February 08, 2015, 02:57:02 PM
I am not surprised that the Chinese favor Bitcoin. They will always embrace a currency other than the US dollar.
February 08, 2015, 02:44:52 PM
I see Bitcoin as becoming a major form of alternative currency, even though I don't believe it will be the leading cryptocurrency in the future.
February 08, 2015, 02:42:57 PM
not difficult when they have gold ... to backup.
bitcoin is cash after all = liquid.
bitcoin is cash after all = liquid.
February 08, 2015, 02:37:26 PM
Chinese Government Official Believes Bitcoin Can Coexist with Central Bank's Private Money
https://www.cryptocoinsnews.com/chinese-government-official-believes-bitcoin-can-coexist-government-money/
https://www.cryptocoinsnews.com/chinese-government-official-believes-bitcoin-can-coexist-government-money/
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