Still, Government of China didn't declare anything about banning the Bitcoin and people is very curious about the news from China. While other governments are very positive about the Bitcoin technology and only China is abusing the cryptocurrency.
What China wants always is that they will be the number one in everything, and because they did not made bitcoin so they are treating it as one of their big rival, it was really frustrating to see how greedy they were when it comes to something like that, and now that they have NEO they want NEO will top the crypto world. 
Topic: Why has China declared war on bitcoin and digital currencies? - page 3. (Read 633 times)
Still, Government of China didn't declare anything about banning the Bitcoin and people is very curious about the news from China. While other governments are very positive about the Bitcoin technology and only China is abusing the cryptocurrency.
What China wants always is that they will be the number one in everything, and because they did not made bitcoin so they are treating it as one of their big rival, it was really frustrating to see how greedy they were when it comes to something like that, and now that they have NEO they want NEO will top the crypto world.
Still, Government of China didn't declare anything about banning the Bitcoin and people is very curious about the news from China. While other governments are very positive about the Bitcoin technology and only China is abusing the cryptocurrency.
Well, I think it wasn't a total ban. In some times but not all the time for China is one of cryptocurrency lover. They come in to crypto and go out then pretty sure they will come in again. Preparation for the future of management of cryptocurrency can be the hidden agenda.
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
China did not declare war on the Crypto-currency. In September last year, the Chinese government announced a crypto currency threat to the country's economy due to the fact that with the help of its out of the country could withdraw funds uncontrolled. With regard to the ICO projects, they immediately warned of significant fraud and the need to protect the rights of investors. All this time, the Chinese government was looking for ways to solve this problem. Recently, there has already been allowed the possibility of authorizing an ICO, but regulated by the state. Thus, China is gradually returning to the usual way of using crypto currency.
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
China did not declare war on the Crypto-currency. In September last year, the Chinese government announced a crypto currency threat to the country's economy due to the fact that with the help of its out of the country could withdraw funds uncontrolled. With regard to the ICO projects, they immediately warned of significant fraud and the need to protect the rights of investors. All this time, the Chinese government was looking for ways to solve this problem. Recently, there has already been allowed the possibility of authorizing an ICO, but regulated by the state. Thus, China is gradually returning to the usual way of using crypto currency.
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
China did not declare war on the Crypto-currency. In September last year, the Chinese government announced a crypto currency threat to the country's economy due to the fact that with the help of its out of the country could withdraw funds uncontrolled. With regard to the ICO projects, they immediately warned of significant fraud and the need to protect the rights of investors. All this time, the Chinese government was looking for ways to solve this problem. Recently, there has already been allowed the possibility of authorizing an ICO, but regulated by the state. Thus, China is gradually returning to the usual way of using crypto currency.
China banned bitcoin and other crypto exchanges but not really a way against crypto. It was issued to prevent financial risk to its holders and users, and to also prevent fraud and pyramid selling of cryptos.
http://www.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban
http://www.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban
The investors in bitcoin was 3/10 from China.Even they are lot of mining farm in China and to reduce the involvement of Chinese in the crypto investment,their government made bitcoin as illegal one.
Government just wants to put in place a system they will have full control of these digital currencies while they can and not necessarily declaring war on bitcoin and other digital currencies, and I think once laws and regulations are set it should be easy for demand to grow and later on the price of the coins will rise.
It's difficult to determine what exact stage is here. Still, it's quite obvious that China won't accept BTC not willing to lose control.
I think it isn't a war itself
looks like chinese don't understand how to controle crypto, that's why they decided to take a break and go deep in it
i heard that they are developing their own crypto exchanger... chinese way to do things - ban foreign stuff and create smth similar lol
They do understand, they just don't want bitcoin because they cannot control it so what they did is they have created their own coin, so that their people has no choice, they also banned bitcoin and some sites for cryptos so that Chinese cannot access it and will leave no choice at all. looks like chinese don't understand how to controle crypto, that's why they decided to take a break and go deep in it
i heard that they are developing their own crypto exchanger... chinese way to do things - ban foreign stuff and create smth similar lol
I think it isn't a war itself
looks like chinese don't understand how to controle crypto, that's why they decided to take a break and go deep in it
i heard that they are developing their own crypto exchanger... chinese way to do things - ban foreign stuff and create smth similar lol
looks like chinese don't understand how to controle crypto, that's why they decided to take a break and go deep in it
i heard that they are developing their own crypto exchanger... chinese way to do things - ban foreign stuff and create smth similar lol
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
What the Chinese government does is not like declaring war on a crypto currency. In China, still operate crypto-exchange exchanges and exchangers. Earlier, the government announced that it was setting up its national centralized crypto currency, but recently they are already saying that they are not in a hurry to do it. In my opinion, the Chinese government is looking for its way of introducing the crypto currency into its country. China in this regard is generally unique, the development of the economy of this country has always taken place in a separate way. 
China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?
Its kind a hard to tell where the stance of Chinese Government is heading at this moment. They are showing signs to embrace blockchain technology but they are uncertain with cryptocurrencies, maybe this year the game will change and their tone against crypto will be more welcoming.
It is said, the Chinese government considers the crypto spread in China is considered to affect retail investors, and has caused a considerable price volatility. In addition, there was a fraudulent incident reported to the Chinese government. That led to the Chinese policy holders taking immediate action to prevent the riots by prohibiting fund raising through initial coin offerings and turning off all cryptocurrencies exchange.
Answer is quite simple. Steadiness.
Both economy and politics.
People in China always follow the crowd. When there's a asset being hot and highly profitale (or even looks look profitable), crowds with unthoughtful people will come, and pump the price extreamly higher. Imagine 1.4 billion people invest bitcoin or shitcoins, and imagine the 50% dumping in Jan, how many people will jump from the top floor? And simply some steadiness about finance linquidity, foreign exchane loss, wow^^
Those will finally come to the steadiness of politics. For a despotism, what they need is steadiness, people working hard for the living, no troubles, no arguement, no unsatisfactory.
That's all.
It seems to me that the cause of the other. I do not believe that the Chinese government cares about is to protect its citizens. In many villages of China now there is no elementary medical service. There is no reason that the use of cryptocurrencies makes people independent of the monetary policy of the state. They are free in their actions. These people are hard to manage. Both economy and politics.
People in China always follow the crowd. When there's a asset being hot and highly profitale (or even looks look profitable), crowds with unthoughtful people will come, and pump the price extreamly higher. Imagine 1.4 billion people invest bitcoin or shitcoins, and imagine the 50% dumping in Jan, how many people will jump from the top floor? And simply some steadiness about finance linquidity, foreign exchane loss, wow^^
Those will finally come to the steadiness of politics. For a despotism, what they need is steadiness, people working hard for the living, no troubles, no arguement, no unsatisfactory.
That's all.
Answer is quite simple. Steadiness.
Both economy and politics.
People in China always follow the crowd. When there's a asset being hot and highly profitale (or even looks look profitable), crowds with unthoughtful people will come, and pump the price extreamly higher. Imagine 1.4 billion people invest bitcoin or shitcoins, and imagine the 50% dumping in Jan, how many people will jump from the top floor? And simply some steadiness about finance linquidity, foreign exchane loss, wow^^
Those will finally come to the steadiness of politics. For a despotism, what they need is steadiness, people working hard for the living, no troubles, no arguement, no unsatisfactory.
That's all.
Both economy and politics.
People in China always follow the crowd. When there's a asset being hot and highly profitale (or even looks look profitable), crowds with unthoughtful people will come, and pump the price extreamly higher. Imagine 1.4 billion people invest bitcoin or shitcoins, and imagine the 50% dumping in Jan, how many people will jump from the top floor? And simply some steadiness about finance linquidity, foreign exchane loss, wow^^
Those will finally come to the steadiness of politics. For a despotism, what they need is steadiness, people working hard for the living, no troubles, no arguement, no unsatisfactory.
That's all.
They have already "banned" bitcoin like 10 times past 4 years without success. This is nothing new, they ban everything that is great about the internet.
They have never banned Bitcoin outright. This seems to be a common misconception. They have banned ICOs, exchanges, P2P exchanges (that served as a loophole for the initial ban), and they're currently sitting the fence on mining. Holding and trading are still fair game, but who knows how long that will last.
Either way, China is no longer the giant it once was in trading volume, and the remaining traders have already learned how to sidestep regulations. An outright ban at this point shouldn't be too crippling in the short term, FUD aside.
Right you are! China has never banned bitcoin outright. Because that can't be possible for them. So they have taken a phased approach. First they banned ICOs because that was a channel of dirty money flowing in to their economy. I have seen a lot of Chinese scammers active in the ICO market prior to China ban so it was a good news for the entire crypto community.
Now China is trying to ban the mining operations because a communist country doesn't believe in people empowerment by sidetracking them. They follow heavily centralized policies. Crypto is one way that can't be properly tracked and taxed because of its pseudo anonymous nature. So the Chinese government are not getting the proper revenue from these crypto related market. So they are trying to curb it down.
But China is not anymore the superpower of crypto market. If China ban all crypto related activities outright, the market will react for a short span. But I don't think any big impact will be seen for China's exit. Also the Chinese government knows that it is impossible to control the entire crypto market in China. So those who want to use it, they will continue using it. Absolute ban can't be achieved practically.
Complete ban on crypto may not possible but in that scenario only tech freaks or Big traders can surpass the regulation and trade crypto currency without getting into the eyes of govt. the percentage of such people who can endure such risk are very less in no. BAN from a very strong economic country like china will definitely create a environment of panic in whole crypto market.
The all-out-war against bitcoin and other digital currencies in their country is one way of telling their people that they wants control over everything, their lives and their financial freedom and eventually they wants control all over the world. I myself don't want it to happenned, communism style of government, no freedom at all, is not a life worth living for.
It's not an all out war against Bitcoin, or at least, that's not what I believe it is. Currently, China has seen and experienced how crypto in its entirety has been growing and gaining ground in basically every economy. It might have been the case that they in the very beginning thought Bitcoin was something they could easily deal with, but now realize it's impossible. If we take all that into consideration, they could right now choose to legally prohibit every form of crypto usage, and that on all levels, but it's not happening. I am quite certain that they realized that even for them, it's impossible to ban something that can't be banned at all. China will eventually come back, but with clear regulations and rules that are more in the government's advantage. It's either banning crypto and lose control, or regulate the market and maintain control....
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