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Topic: Is China still going to ban bitcoin exchange in China (Read 2340 times)

hero member
Activity: 840
Merit: 516
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.
They will definitely come. I am sure there is nothing in these news or it can be said these news were just to make FUDs. China wants to become super power, everyone knows. And in this era when many economists know better about the future of bitcoins. They know it well, for being super power, international economics is of a vital role. No chance for China to face against bitcoins.
Chinese are the sharp minded people and they know about the advantages of bitcoin and most probably by seeing the progress of bitcoin they will decide that to remove the ban and this will bring more pleasant air for the bitcoin investors in china and Chinese knew very well that bitcoin is the leading path which leads toward the economic stability and development.

sr. member
Activity: 491
Merit: 250
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.
They will definitely come. I am sure there is nothing in these news or it can be said these news were just to make FUDs. China wants to become super power, everyone knows. And in this era when many economists know better about the future of bitcoins. They know it well, for being super power, international economics is of a vital role. No chance for China to face against bitcoins.
newbie
Activity: 57
Merit: 0
Not possible to ban it.
There are option for peer to peer
Or other option like selling buying by telegram.

It is good to use other method to try it
Should be fu
full member
Activity: 406
Merit: 100
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I read a lot of information and news about China's involvement on cryptocurency. I read that they will just going to regulate cryptocurrency in their country but they will come back after it. Maybe they will just fix some sort of things and later on we can welcome again in the cryptocurrency.
hero member
Activity: 826
Merit: 502
There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.
We all know this thing very well that China is not like other countries. In fact, China is one of the most developed countries and they know the worth of bitcoin very well. There will definitely be some reason behind banning of bitcoin in China. We can only wait to know the actual intention of China as far as bitcoin is concerned. China can ban it for little more longer.
hero member
Activity: 1008
Merit: 510
According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/
Just as expected they would really do such thing. They cant able to completely close exchanges since they know they can able to make money on that and now they are returning but on a regulated way which is somehow a good step by them.It will surely affect crpyto currency prices on this one.Thanks for the link by the way.

I doubt that they can shut all those down so the best thing for them to do is probably regulate the exchanges. China is a huge market for cryptocurrencies and they are so involved that it would be hard to stop it now. I think most Chinese would find ways to buy and hold cryptocurrencies anyway. We'll see what happens, but I don't think they will completely ban them.
member
Activity: 81
Merit: 10
Will it affect on price of bitcoin on 30 sep
I still do not understand a country like China why it can affect the bitcoin exchange rates around the world .
hero member
Activity: 3010
Merit: 794
According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/
Just as expected they would really do such thing. They cant able to completely close exchanges since they know they can able to make money on that and now they are returning but on a regulated way which is somehow a good step by them.It will surely affect crpyto currency prices on this one.Thanks for the link by the way.
member
Activity: 75
Merit: 10
According to the latest news, the Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/
full member
Activity: 504
Merit: 105
The ban of China will not affect the price of bitcoin, everyone has already moved away from this panic and the price will again skyrocket. New falls are not excluded, but I think that already because of other bad news.
I agree with your opinion. China is not the reason for Bitcoin's decline because This market is heavily influenced by other nations, not China. I think China is just a small part of cryptocurrency
newbie
Activity: 13
Merit: 0
I dont think that they would be able to completely ban bitcoin exchanges but rather monitor it. https://www.cryptxmoney.com/ have some nice articles on it.
sr. member
Activity: 602
Merit: 250
The ban of China will not affect the price of bitcoin, everyone has already moved away from this panic and the price will again skyrocket. New falls are not excluded, but I think that already because of other bad news.
legendary
Activity: 1232
Merit: 1029
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
It will give impact tot eh crypto but that will be not significant as the pboc announced to shutdown the exchange sites. But the ban was temporary. If we will be facing the date and i believe the bear market will come for the crypto.
I don’t think so that China will commit such a mistake which China had made in the past by banning Bitcoin and other crypto currencies. In fact, China will happily invest in Bitcoin and will promote the use and investment of Bitcoin amongst their citizens. Moreover, China will take very much positive steps for making the best use of Bitcoin in his country.
This is not about banning bitcoin, it is about shutting down of the exchanges that took place in mid September or so which caused huge dump in the price of bitcoin. China never said they were banning bitcoin. However, I thought some people speculated that they will reopen and regulate some of these exchanges by 30th of September but until now, there has been no news yet regarding that. They haven't really come out yet since then to let us know their stand on this but as it is, the exchanges are still shut down.
member
Activity: 66
Merit: 10
Im sure that ctypto trading will return to China, but already in an updated, legalized version.
China occupied the leading positions in the mining and trading volume, it would be strange on their part to destroy all this.
full member
Activity: 246
Merit: 100
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I heard a rumor saying that these exchanges will be shut down and they will be coming back with some regulations laid down by the Chinese government, now this might affect the market as it will ask users for their personal documents and a lot of people will be hesitate to do so. That might affect the markets,, but the chances are less.
Last news which is coming from China ;
https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/
hero member
Activity: 980
Merit: 507
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I heard a rumor saying that these exchanges will be shut down and they will be coming back with some regulations laid down by the Chinese government, now this might affect the market as it will ask users for their personal documents and a lot of people will be hesitate to do so. That might affect the markets,, but the chances are less.
hero member
Activity: 980
Merit: 523
Yeah china's government is definite to ban their local exchanges till 30th september.
The goveenment has already issued regulations to exchanges that they should not accept new deposits or registrations on their websites.
The reason why ban imposed exchanges are still live in chaina is only for serving withdrawals to their clients.

Now i get it. I am also being curious towards the actions of Chinese governments upon banning cryptocurrency. For me it doesn't really makes sense that they will actually ban it permanently, and besides there are so many crypto users, traders and investors in that specific region and area, and still i was thinking that it wont be permanent ban.

Chinese traders who've been trading for a long time would probably find ways to continue especially those who have trading as a major source of income. I also don't fully grasp why rhe chinese government are acting like this towards cryptocurrencies but we'll endure with or without the chinese
They feel it is against their monetary policy and they are trying to see how they will control it. They know bitcoin itself cannot be manipulated and the highest they can do is target the exchanges for their own benefit.

China is not the house of bitcoin and it is already obvious that without them, bitcoin will still keep moving ahead. The traders are already finding alternatives and I believe they will realize in no time and find something to do to keep the train moving in their country. They do not have a choice, do they?
sr. member
Activity: 2338
Merit: 273
DGbet.fun - Crypto Sportsbook
volume transaction still high without problem
and binance, okcoin, exchanger from china still open


I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.
I think we do not need to pay much attention to the Chinese market because there is a lot of suspicious activity on the Bitcoin market and certainly in the future China will stop this ban and everyone It is possible to trade normally and Bitcoin prices will continue to go to the moon

China is too extreme today because they no longer want to talk about the rules, they forbid its citizens not to follow ICO and threaten to shut down many local markets, the latest news is china wants to really ban bitcoin, hope this is just a bad rumor and china begin to adapt coin like japan (J-coin), this is the best way to keep inflation.
sr. member
Activity: 700
Merit: 250
volume transaction still high without problem
and binance, okcoin, exchanger from china still open


I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.
I think we do not need to pay much attention to the Chinese market because there is a lot of suspicious activity on the Bitcoin market and certainly in the future China will stop this ban and everyone It is possible to trade normally and Bitcoin prices will continue to go to the moon
hero member
Activity: 630
Merit: 500
volume transaction still high without problem
and binance, okcoin, exchanger from china still open


I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

We can't say what would be the outcome on the price once china regulates those exchange and maybe it can give bad impact to the price just what happen before, But for this issue maybe the best thing to do is to bend the patience and understanding on all of us so we wouldn't be caught by bad jokes around.
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