Topic: Cryptocurrency Exchanges Officially Dead In China (Read 660 times)
I read a friend's thread mostly just speculation, is there a site leads to official news on bitcoin? maybe some kind of trusted news links on bitcoin news !!!
Cryptocurrency Exchanges Officially Dead In China?
Its true that china's bitcoin exchanges are shut down.But china may reconsider its policy and may allow exchanges in future with strict regulations.But that has not made any difference for people there who have shifted their trading to counter sale.They now do it P2P and some traders use telegram chats for such purposes.So,bitcoin trading continues in china despite government's actions.
All governments want to collect taxes from the population and in the world of cryptomoedas this ends up being difficult to do. That is why the Chinese government wants to ban or forbade the Cryptocurrency, but I think it will be temporary because I do not think I'll be able to control it.
Many governments will try to do the same thing so they can get money out of the population.
This is the only reason behind it. Governments don’t want bitcoin to be regulated under their law but they can’t control it. This is unacceptable to them and for this only, they are banning all these exchanges in different cities. Like China, there are so many countries who are just banning bitcoin transactions but they can’t do it for longer time. It is temporary, and future will be bright there.Many governments will try to do the same thing so they can get money out of the population.
All governments want to collect taxes from the population and in the world of cryptomoedas this ends up being difficult to do. That is why the Chinese government wants to ban or forbade the Cryptocurrency, but I think it will be temporary because I do not think I'll be able to control it.
Many governments will try to do the same thing so they can get money out of the population.
This is the only reason behind it. Governments don’t want bitcoin to be regulated under their law but they can’t control it. This is unacceptable to them and for this only, they are banning all these exchanges in different cities. Like China, there are so many countries who are just banning bitcoin transactions but they can’t do it for longer time. It is temporary, and future will be bright there. Many governments will try to do the same thing so they can get money out of the population.
I think China because of it is nature as a restrictive Society feel the need to regulate bitcoin. Unfortunate for China, bitcoin nature is more open than democracy not to talj of communism. Bitcoin and China are not compactible.
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Officially dead? not really, as of now Houbi one of China's biggest cryptocurrency exchange are active (will be operating soon/ already resumed operations). I do feel that Chinese Government is slowly taking steps to refresh the cryptocurrency trading on their country, but i doubt that it will happen, Chinese Government has a big issue on their pride.
Many speculation about crypto currency in China.. last week I heard the government of China Will accept crypto currency again and they try to make official website by government for exchange crypto currency.. I don't know what it's true, but I hope China Will accept crypto currency again.
I get that China always tries to control its economy strictly and doesn't like letting the free market decide. The government manipulates their currency like there is no tomorrow. It is sad though to see the confusion and FUD caused by this nonsense, and I wish they would settle the drama asap so the price can finally go to the mooon. :_)
Don't worry, these attempts of Chinese government is not permanent. They will lift the regulations soon once they reach an agreement with exchanger platforms. They can't keep this going forever.
Cryptocurrency is not something to get banned forever in China.
Yes crypto exchanges are dead in China that is because they banned them recently. However, that does not mean that exchanges in Bitcoin have stopped. If you look at peer to peer exchanges versus centralized ones that's where all the volume has gone because there is no one controlling or regulating the exchange. It is all online and it is all distributed across the globe.
Many speculation about crypto currency in China.. last week I heard the government of China Will accept crypto currency again and they try to make official website by government for exchange crypto currency.. I don't know what it's true, but I hope China Will accept crypto currency again.
I get that China always tries to control its economy strictly and doesn't like letting the free market decide. The government manipulates their currency like there is no tomorrow. It is sad though to see the confusion and FUD caused by this nonsense, and I wish they would settle the drama asap so the price can finally go to the mooon. :_)
Cryptocurrency Exchanges Officially Dead In China?
The news reported that they had already allowed the work of the exchanges, did not they?
Does that mean that the market for BTC gonna slowly stagnate due to Chinese not being participants in market?
Are there any other ways to trade in China but through different trading platforms from other countries?
Are there any other ways to trade in China but through different trading platforms from other countries?
Many speculation about crypto currency in China.. last week I heard the government of China Will accept crypto currency again and they try to make official website by government for exchange crypto currency.. I don't know what it's true, but I hope China Will accept crypto currency again.
THIS is better for the crypto currencies development and since China has been the problem from beginning I think it is better to do without them and maybe later they will change their minds. I know something related to currency manipulation that united States of America said about China last time may be the reason behind this decision of stopping crypto currencies activities.
Btcc exchange also recently banned from China. Since many people invested in bitcoin like in trading and mining platform.
I do not know what is the issue of the bitcoin. Simply their government pressure up the bitcoin from their country. Some months before many of the company from the China migrated to other countries.
Of course cryptocurrency exchanges are dead in China that is because they put bans on them. However, they did not, and could not, put a ban on peer to peer exchanges like localbitcoins because that is out of their jurisdiction. Look at the volume on p2p exchanges after China banned centralized exchanges, it is massive and that's because people don't need third party oversight.
All governments want to collect taxes from the population and in the world of cryptomoedas this ends up being difficult to do. That is why the Chinese government wants to ban or forbade the Cryptocurrency, but I think it will be temporary because I do not think I'll be able to control it.
Many governments will try to do the same thing so they can get money out of the population.
Many governments will try to do the same thing so they can get money out of the population.
THIS is better for the crypto currencies development and since China has been the problem from beginning I think it is better to do without them and maybe later they will change their minds. I know something related to currency manipulation that united States of America said about China last time may be the reason behind this decision of stopping crypto currencies activities.
The biggest risk is that the wallet is no longer working, especially because the password has been forgotten, the hard drive is defective, the paper is corrupted or burnt.
Cryptocurrency Exchanges Officially Dead In China?
At this point? Who cares. Bitcoin's been on a roll evem acter the chinese banned these exchanges. They can go on and ban everything they want and bitcoin will continue to revolutionize the market.
That is good that cryptocurrency exchanges are dead in China, this means that the volume is moving towards peer to peer exchanges, like localbitcoins.com. There are more like cadcoin.co, paxful.com, bittylicious.com, and even bisq.io if you want a lot of privacy. Cadcoin.co and bisq.io are the safest peer to peer exchanges I know of that offer you so many privacy features when using their process.
Cryptocurrency exchanges have been banned in China for more than a month already. Though there are rumors about the Chinese government
legalizing cryptocurrency exchanges sometime in the future. But then again, these are only rumors.
Yup the whole china itself is rumour I believe, but no offence at all.
They always made the market fluctuate like crazy and always have been artificial on the market. This disturbed the way prices of bitcoin where until last month. They had amazing power of the mining bitcoin but they lost it in the long run after the ban.
Cryptocurrency exchanges where closed down and thats why we saw down movement of the bitcoin in the last month. Thats not rumour by the way, what is rumour is they might start up again, so yeah it could fluctuate us again by pumping the prices, hopefully.
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