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Topic: Is China still going to ban bitcoin exchange in China - page 5. (Read 2301 times)

sr. member
Activity: 756
Merit: 250
There is no official announcement come from the chinese government so that we do not know yet. Maybe it is just a rumor which was created by chinese exchanges so that they can easily collect more bitcoin withour any problem. China is the biggest country in this industry and I believe that they have been playing an important role in the cryptocurrency market
Actually, I have not yet seen any official statement from the Chinese government about the ban on crypto currency or Bitcoin. Perhaps it is really raised the hype for a special fall of the crypto currency, so that larger whales out of more buy at a low price.
sr. member
Activity: 300
Merit: 250
There is no official announcement come from the chinese government so that we do not know yet. Maybe it is just a rumor which was created by chinese exchanges so that they can easily collect more bitcoin withour any problem. China is the biggest country in this industry and I believe that they have been playing an important role in the cryptocurrency market
full member
Activity: 208
Merit: 100
Those news already passed and china won't make any speculation any more with ban.
legendary
Activity: 938
Merit: 1002
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
Apparently China is just scared that the whole scheme is going to go against their monetary policy and may end up not being able to control it once it spreads like virus. However, I do not see how this may pose much of a challenge since it seems to me that most Chinese traders are already finding an alternative with the Japanese trading system due to its rapid growth of recent.
sr. member
Activity: 830
Merit: 258
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
Indeed, there will left other payment methods how to buy cryptocurrency, i think it will affect cryptomarket because people are worried about their coins lost, for sure they can close every exchange but i think some of them can work fiat deposit still available
legendary
Activity: 1050
Merit: 1001
We can't really tell. They have taken a step back in their decision. So for sure if they might have a change in heart once they found out that their decision was not for the greater good of the Chinese community. And might suddenly make a U-turn again and allow the operations of their local exchanges. We have to wait and see how things pans out.
It is indeed they are ban bitcoin exchanges there (confirmed)  , but not with the bitcoin transaction itself.
So no wonder if recently the price of bitcoin getting higher even the closure date is near within a week.
It won't affect much to the price , as chinese bitcoin holder can still trade on an outside china exchange.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
We can't really tell. They have taken a step back in their decision. So for sure if they might have a change in heart once they found out that their decision was not for the greater good of the Chinese community. And might suddenly make a U-turn again and allow the operations of their local exchanges. We have to wait and see how things pans out.
That just the matter of time, 2013 and 2015 already become the fact that they were not seriously to ban the crypto because their civilians will always be using it anywhere. That just like try to throw a lot of the money from their country to others. That's pretty strange. PBOC just played us into the game.
sr. member
Activity: 548
Merit: 251
We can't really tell. They have taken a step back in their decision. So for sure if they might have a change in heart once they found out that their decision was not for the greater good of the Chinese community. And might suddenly make a U-turn again and allow the operations of their local exchanges. We have to wait and see how things pans out.

Steps back will be done if there are protest will be happen on it but if there's no appeal sent to the chinese government came to their fellow mens then I think the law will be implemented but lets hope that there's nothing serious will be happen if this sad government dominating will step up so that fall will not came again on bitcoins.
hero member
Activity: 2870
Merit: 594
We can't really tell. They have taken a step back in their decision. So for sure if they might have a change of heart once they found out that their decision was not for the greater good of the Chinese community. And might suddenly make a U-turn again and allow the operations of their local exchanges. We have to wait and see how things pans out.
legendary
Activity: 938
Merit: 1001
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.
full member
Activity: 247
Merit: 100
Decentralized Continuous Audit&Reporting Protocol
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I just read that it was postponed. The banning will be on October 14, 2017. If that is the case, get ready for take off because Bitcoin might pump this week or next week.  Grin Grin
full member
Activity: 432
Merit: 100
Is that true?
or just an issue, the issue only causes the decline of bitcoin and will affect the altcoin. I hope it is just a talk and has no effect on all coins.
I think this is just a temporary act of the Chinese government because they can not ban the Bitcoin, if China bans it all, it will surely have a very low market capitalization and be very difficult to recover.
hero member
Activity: 630
Merit: 500
There's no article spreading abount unbanning the bitcoin exchange on there country but aslong as the bitcoins price are not affected on this closure event on that country I think those scenarios will be ok and price of bitcoins recovers already from that monster dump happen for those past week and maybe we could experience the real pump today.
full member
Activity: 168
Merit: 100
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

I think exchanges will indeed shut down at least fiat to crypto transactions will be cut down. Remember the Chinese gouvernment is very strickt about their announcements. But the effect on the marked won't be significent since measures about this news were already taken.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
The problem is that Chinese population likes Bitcoin more than their own currency because the government's act on their currency. They may ban or may create a new currency of their own.
sr. member
Activity: 504
Merit: 250
Is that true?
or just an issue, the issue only causes the decline of bitcoin and will affect the altcoin. I hope it is just a talk and has no effect on all coins.
legendary
Activity: 1946
Merit: 1137
nothing has changed yet!

the Chinese exchanges are still scheduled to be closed and they have even posted warnings to their users to withdraw if they like before the closure of their exchanges. there is no much news about what will happen next and how long will they stay closed. it may be like last time and only last a couple of months before they come back with a real license this time and work under regulations and we hopefully no longer see any issues with them again.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket
I don't think that it will happen because if the government of china want to ban the ICOs like project then they already banned 2 weeks ago , and why they will give time to put the decision on pending . Here this is full indication cryptocurrency like ICOs can't not go for close .
Here another factor also exists , that population of the china is very big and if the cryptocurrency like things will banned that surely lots of numbers of the people will become jobless and that will result into financially the china growth back , so here china will take positive descion toward bitcoin.
And here if it happened that cryptocurrency get banned then i am 100% sure that the cryptocurrency market will get effect by this thing because most of the miners are from china .
full member
Activity: 175
Merit: 100
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.
full member
Activity: 714
Merit: 100
Shocked will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

There is a higher possibility that they will going to pushes through the ban but strongly believed that it will not affect anymore to the bitcoin value because lot of people are already learned from the past especially the panic people. We are already have hard experiences of this ban including JP Morgan criticizing bitcoin so granting there is an affect will happen but this time in a very minimal margin.
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