Did china ban Bitcoin | Bitcointalksearch.org

Masongrae

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Quote from: worldtraveller321 on December 08, 2017, 11:22:14 PM

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

Yes I think so that China banned bitcoin, its maybe because they think that it may affect thier good economy. and they prefer to push people to buy gold that cryptos. In my opinion.

Mike1992

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These regulatory actions by China are aimed at controlling the increasing mania involving decentralized, non-regulated cryptocurrencies which have recently soared to astronomical valuations. However, despite the ICO ban and momentary decline, cryptocurrency trading continued in China, as many participants switched to foreign exchanges, like those based in Hong Kong and Japan, to deal in virtual currencies.

Sir mikolo

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China has recently been issuing regular advisories and taking steps to deter the use of cryptocurrency in the country. The recent development can completely eliminate cryptocurrency trading and mining activities in the world’s most populous nation.

JoshJelly

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Didn't know about that. But if ever China banned Bitcoins they would have a problems in World Marketing and in currency update. Just why the hell they would ever do that kind of thing if ever??

Kakmakr

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It is clear after months of debate on this subject that the Chinese government were only targeting Crypto currency ICOs. They do not want money flowing into bottomless pits in other countries, so they effectively "banned" Crypto currency related ICOs. This has become a global trend now, because their are not some governing body that regulate these ICOs.

If there was some governing body, where ICOs could have applied to be approved as a legitimate ICO, this would have been less of a problem, but that aspect of Crypto currencies are still not regulated and it was easier for these government, just to ban it.

Kiweikoo

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Quote from: judeafante on April 12, 2018, 05:08:11 AM

Quote from: kidddwkr on December 08, 2017, 11:46:48 PM

Hi ,my friend !
You're right ,China really did .On September ,the government of China banned the all kinds of cryptos trade officially .
Whatever ?

You know we were banned to search on Google also .Our forums is banned ,too .But we can also communicate to each other here although they're all illegal .
In fact, the government just wants to manage the mess of ICO in China ,and other folk practices they won't push so hard .

No matter BTC trade or minning in China .It's okay as long as the market and the Internet exist .

I don't think Google ban bitcointalk forum I still can see it on every Google queries I'm doing what you mean is the ICO advertisement from adwords, I'm still using Google but if they fail to show up Bitcointalk forum I'll definitely change my search engine preference.

Such wrong news are so easy to be spread over the internet. The sources of income where from people are earning, some other people becomes so happy to make joke of them. And this one news is one of such act. How can you even say google banned bitcoins forum as you are writing on that? Use your sense and ask can this happen? They think we are fool and don’t know anything.

Fazlurkhan.kz

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China has banned only the ICOs and not the usage or circulation or anything close to bitcoin. They haven't legalized it either. The condition of bitcoin is mostly the same in most of the countries be it China, India or most of the other major ones who contribute a lot in the bitcoin community. They do not recognise bitcoin as a legal tender and warn people that it could be a bubble and advise the people to stay away from it but on the same time they do not completely stop people from interacting with bitcoin and the crypto world either.

judeafante

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Quote from: kidddwkr on December 08, 2017, 11:46:48 PM

Hi ,my friend !
You're right ,China really did .On September ,the government of China banned the all kinds of cryptos trade officially .
Whatever ?

You know we were banned to search on Google also .Our forums is banned ,too .But we can also communicate to each other here although they're all illegal .
In fact, the government just wants to manage the mess of ICO in China ,and other folk practices they won't push so hard .

No matter BTC trade or minning in China .It's okay as long as the market and the Internet exist .

I don't think Google ban bitcointalk forum I still can see it on every Google queries I'm doing what you mean is the ICO advertisement from adwords, I'm still using Google but if they fail to show up Bitcointalk forum I'll definitely change my search engine preference.

talkbitcoin

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All I know is that I know nothing.

Quote from: ?? on ??

I think, that they just say "we'll ban it". But at the same time, they are planning something interesting for cryptoworld

no, they have not even said that!
what you hear on the news and mostly on social media platforms is not the truth. it has never been when it comes to bitcoin actually!
Chinese government may want to eventually ban them but so far they have neither said it nor given any indications of their goals. so far they are only regulating cryptocurrency and the related businesses and trying to eliminate scams.

Temik2704

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Quote from: pooya87 on December 09, 2017, 12:17:40 AM

No, they did NOT ban bitcoin.
and they did NOT ban cryptocurrencies in general.
and they did NOT ban mining of them.
and they did NOT ban trading them.

what they did ban was ICOs and they closed some of the exchanges. currently people are still mining bitcoin, altcoins and also trading them on different exchanges and off the counter and in places like localbitcoins.com and the Chinese version of this.

That's right. But the biggest crypto players already moved from China to Hong kong (Big Miners, Exchanges, ICO investors).
Such fakes news about "China ban cryptocurrencies" are used by whales to manipulate the market.

BrentMack

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China did not ban bitcoin the last time I checked although I may have to crosscheck to make sure that my information is correct. i don't think china will ban bitcoin though but regulations are coming.

DilBro256

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China banned the bitcoin.However, There are many Chinese still use bitcoin now.

sate_padang

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It is true that bitcoin is not yet recognized or legalized by a country, but mining is also not prohibited, because it is not the mining of natural products.

thevlox

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yes you are right china bitcoin has been baned. Because many people work well with this bitcoin and many do bad things. The good thing is that many people use this bitcoin for their own sake, because of which it has been banned in China.

heokonit

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China has banned bitcoins because they fear it will affect their economy and yuan

FRJ

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I heard that China has banned Bitcoin in September 2017.But I'm not sure about that because I have also heard that China actually didn't banned Bitcoin. I'm confuse about this but I have also heard that the main reason of the falling price of Bitcoin is mostly based on the banning Bitcoin in China. Because most of the investors of Bitcoin were from China.

markflayer

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Yes, You are right. China banned the bitcoin. But it is also fact that many people are using bitcoin there.

mahibul49

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i think china didnt ban bitcoin but they gave warning about bitcoin trading and icos.

Loveaaronbaby

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Quote from: worldtraveller321 on December 08, 2017, 11:22:14 PM

did china really ban bitcoin and cryptos? if so , wouldn't it be made illegal for the miners to operate in China? or what is the situation on this? very curious? thanks

I don't think China has banned bitcoin, and there are still a lot of mines in China where it is not illegal to mine bitcoin in China. The Chinese government has banned ico. Because a lot of ico is a fraud, many people have been cheated a lot of money, the Chinese government chose to ban the ico in order to crack down on illegal behavior.

fatema

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China has not banned Bitcoin. China banned bitcoin exchanges from operating only. Who works with Bitcoin or has not banned any of those involved? Bitcoin has not banned anyone from trading. Even from Bitcoin mining, not least. Those who heard it were completely unfounded.

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