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Topic: Why China banned bitcoin? (Read 2148 times)

newbie
Activity: 42
Merit: 0
June 03, 2018, 01:41:04 AM
I think the near future China will develop block chain technology like other countries. At that time, China would participate in the crypto 4.0 race. go to moon  Grin Grin Grin
newbie
Activity: 119
Merit: 0
June 03, 2018, 01:30:41 AM
The Chinese government will ban the trading of digital currency criptocurrency, including bitcoin, in the Chinese bourse. The plan immediately cut the price movement of this digital currency.
The ban plan comes amid tightening financial risk ahead of the Chinese Communist Party's overhaul of leadership in October. China's Central Bank, People's Bank of China (PBOC) has also recently completed criptocurrency trials it is trying to develop on its own. This is why China is banning bitcoin. want to develop own criptocurrency.
full member
Activity: 644
Merit: 100
June 03, 2018, 01:18:40 AM
probably because China wants to make its own crypto currency, because if the Chinese people still use crypto currency other than their country's crypto currency then it will be futile because their currency will not be worth it because it lost by other crypto currency
sr. member
Activity: 1936
Merit: 290
June 03, 2018, 01:18:33 AM
Actually I read in one article some days before ago China did not banned in bitcoin.i think so that now this time to fair.i have some friends in China I will ask him again. I know some days before their given me information accept it bitcoin in China...
sr. member
Activity: 630
Merit: 250
June 03, 2018, 12:58:47 AM
After the year 2026 China will have no choice than to legalize bitcoin
by 2026 will be produced almost the entire, bitcoin block value will be of 6.25 BTC. whether someone will need bitcoin after 2022 is a big question.
newbie
Activity: 196
Merit: 0
June 03, 2018, 12:38:42 AM
because china worries corruption results stored in the bitcoin.
full member
Activity: 420
Merit: 100
June 03, 2018, 12:28:29 AM
Some people feel that china forbid bitcoin nowadays has a considerable effect on bitcoin prices some exchange sites in tion forbid bitcoin because many people tion tion use cryptocurrency than their local currency and China forbids bitcoin trade because they think through bitcoin many Chinese millionaires send money out of their country to buy international countries that will be a disaster for their economic climate.
newbie
Activity: 40
Merit: 0
June 03, 2018, 12:25:21 AM

Is China banned from Bitcoin? I just know this. However, China has a lot of new projects.
member
Activity: 238
Merit: 10
June 03, 2018, 12:22:42 AM
Government in China banned it in their country naybe because they eant to create their own digital currency that only going to exist in their country and also not allowed to use it in other countries.
hero member
Activity: 1470
Merit: 555
dont be greedy
June 03, 2018, 12:21:35 AM
As far as I am concerned, China only does BAN on ICO, because ICO has been unable to take responsibility for the investors' funds received
many of the ICO's are SCAMs that are closely watched by governments or agencies, and since then, there are many organizations that limit crypto space.
member
Activity: 216
Merit: 10
June 03, 2018, 12:19:56 AM
Because the government in China doesn't want the Bitcoin to exist in their country. There's a lot of reason why they not allowing it in Country of China but I can't specified it.
newbie
Activity: 22
Merit: 0
June 03, 2018, 12:11:22 AM
After the year 2026 China will have no choice than to legalize bitcoin
member
Activity: 224
Merit: 10
The Experience Layer of the Decentralized Internet
June 03, 2018, 12:06:19 AM
It's just a FUD, and China doesn't ban it. People can still encrypt money through private transactions, so the overall market impact of du yu is not large, there is no need to spread the FUD too much.
full member
Activity: 350
Merit: 107
June 02, 2018, 11:57:58 PM
Sorry, I just went to ask my Chinese friend.
The news I got was that China did not ban bitcoin transactions.
It's just tougher regulation.
I also don't see any news that exchanges stopped trading bitcoins.

yep, china it did not ban btc, that's fake

Seems like fake news like this which leads to fud has taken over the market. I assume it is purposely done to manipulate the prices
jr. member
Activity: 252
Merit: 2
June 02, 2018, 03:35:04 PM
.in general, the digital currency is just a code, and how much such code can be created, the main disappointment did not weaken the investors' enthusiasm only when this chain of code fell into their hands to awaken.

May be the decision of china is due to the crisis encountered by bitcoin few months ago which is a very huge dropping of bitcoins market value and they just want to protect their people from big losses
jr. member
Activity: 280
Merit: 1
June 02, 2018, 03:24:58 PM
.in general, the digital currency is just a code, and how much such code can be created, the main disappointment did not weaken the investors' enthusiasm only when this chain of code fell into their hands to awaken.
newbie
Activity: 238
Merit: 0
June 02, 2018, 03:20:59 PM
The China government has banned Bitcoin.Tibetan monks are forbidden form reincarnation without government permission. Interesting choice considering the Chinese Communist party is officially atheist.Of course, The China real reason banned to bitcoin.
newbie
Activity: 98
Merit: 0
June 02, 2018, 02:55:07 PM
Sorry, I just went to ask my Chinese friend.
The news I got was that China did not ban bitcoin transactions.
It's just tougher regulation.
I also don't see any news that exchanges stopped trading bitcoins.

yep, china it did not ban btc, that's fake
member
Activity: 462
Merit: 11
June 02, 2018, 02:50:19 PM
I think that this can happen because China is interested in creating its own crypto currency, and for this they do not need bitcoin.
newbie
Activity: 303
Merit: 0
June 02, 2018, 02:49:58 PM
China banned bitcoin because the Government of China is planing to introduce their own digital currency that will be used instead of Bitcoin.
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