Topic: Will China Accept Bitcoin As A Currency? - page 9. (Read 3236 times)
I think Chinese government will accept Bitcoin as a currency in near future because of its popularity and mass adoption, if this happens I am sure the value of BTC will skyrocket again. Chinese government show their uniqueness to their people's interest and come forward to support BTC as a currency.
Nothing is impossible, countries such as China, Japan and other countries who are greatly involved in crypto will most likely accept bitcoin as a currency in the near future. China is one of the biggest country who holds a big chunk of bitcoin and most mining operations are conducted there.
No way, china can never accept bitcoin in a form of currency rather a digital store of value.
China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
Chinese loves to create their own versions of things so I don't doubt that, They can create their own crypto facilitated projects and let the people to use it. the government wanted to have full control of anything that exist from their land and bitcoin is not one of those that they can regulates. from that sentiments China will find ways to have full access to the point of creating their own cryptocurrency.China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
I definitely agree with you. China will never approach for an idea that is accepting Bitcoin as local currency. However, I am sure that China won't get behind other countries in technology. So, they will make their own digital coin, as you said.
No way, china can never accept bitcoin in a form of currency rather a digital store of value.
China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
Chinese loves to create their own versions of things so I don't doubt that, They can create their own crypto facilitated projects and let the people to use it. the government wanted to have full control of anything that exist from their land and bitcoin is not one of those that they can regulates. from that sentiments China will find ways to have full access to the point of creating their own cryptocurrency. China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
China is appearing to soften its stance on cryptocurrencies as of late
"In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world.
Leading crypto payment gateway Coinpayments recently formed a partnership with directory listing site Cryptwerk, in a move that will no doubt help increase adoption within the industry. In the press release regarding the partnership, Sean Mackay from Operations at Coinpayments raised an interesting point when he said that “It’s important to remember to not just hodl your crypto, but also to spend it to help increase adoption. Since the crypto space is still early days, spending and transferring cryptocurrency has never been so important!”
Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade cryptocurrencies through subversive means. Although trading is banned, mining cryptocurrency in the country is still legal, and it is estimated that 60 percent of all Bitcoin’s hash power comes from China.
The change follows a recent legal ruling by China’s Hangzhou Internet Court that classified Bitcoin as a commodity that should be considered ‘digital property.’ While the ruling didn’t go so far as to give it a ‘legal currency’ status, the recognition by an authoritative body is evidence of changing mindsets within the country."
This brings the question of will china accept cryptocurrency as a currency or will it just stop its level of support at accepting it as a commodity [/font]
-source : https://cryptocurrencynews.com/china-stance-cryptocurrency/
Having China accept bitcoin as a currency will surely make a great impact knowing that it is a big country. If mining would take place on the said country, the price would surely rise up the soonest so let us keep on hoping that it would indeed accept bitcoin as a currency someday since there are signs already that it is slowly accepting cryptocurrency already, little by little. "In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world.
Leading crypto payment gateway Coinpayments recently formed a partnership with directory listing site Cryptwerk, in a move that will no doubt help increase adoption within the industry. In the press release regarding the partnership, Sean Mackay from Operations at Coinpayments raised an interesting point when he said that “It’s important to remember to not just hodl your crypto, but also to spend it to help increase adoption. Since the crypto space is still early days, spending and transferring cryptocurrency has never been so important!”
Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade cryptocurrencies through subversive means. Although trading is banned, mining cryptocurrency in the country is still legal, and it is estimated that 60 percent of all Bitcoin’s hash power comes from China.
The change follows a recent legal ruling by China’s Hangzhou Internet Court that classified Bitcoin as a commodity that should be considered ‘digital property.’ While the ruling didn’t go so far as to give it a ‘legal currency’ status, the recognition by an authoritative body is evidence of changing mindsets within the country."
This brings the question of will china accept cryptocurrency as a currency or will it just stop its level of support at accepting it as a commodity [/font]
-source : https://cryptocurrencynews.com/china-stance-cryptocurrency/
I think that if that chia should accept bitcoin from now so that the block cadna is released a little more the truth I hope it will be done soon .. 
China is a country with a closed economic system and I think it is difficult for the Chinese government to allow transactions using cryptocurrency. For currency alone the Chinese government is very protective of its value and this is one of the reasons why China will not allow transactions at merchants using bitcoin
Maybe you are having a good point. China has its very good patriotism. But if they will think the good side ode accepting bitcoin as their currency it can really help with their economic growth. Some of top exchanges now are in the china as well . Maybe they are already thinking about this one. Chinese are bussiness minded they will soon realized this one.For now I am sure that China will not accept the Bticoin just like any innovative ideas that exist today in our society. But think of the good part, other countries are starting to accept bitcoin
China is a country with a closed economic system and I think it is difficult for the Chinese government to allow transactions using cryptocurrency. For currency alone the Chinese government is very protective of its value and this is one of the reasons why China will not allow transactions at merchants using bitcoin
Maybe you are having a good point. China has its very good patriotism. But if they will think the good side ode accepting bitcoin as their currency it can really help with their economic growth. Some of top exchanges now are in the china as well . Maybe they are already thinking about this one. Chinese are bussiness minded they will soon realized this one.
China is a country with a closed economic system and I think it is difficult for the Chinese government to allow transactions using cryptocurrency. For currency alone the Chinese government is very protective of its value and this is one of the reasons why China will not allow transactions at merchants using bitcoin
China is appearing to soften its stance on cryptocurrencies as of late
"In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world.
Leading crypto payment gateway Coinpayments recently formed a partnership with directory listing site Cryptwerk, in a move that will no doubt help increase adoption within the industry. In the press release regarding the partnership, Sean Mackay from Operations at Coinpayments raised an interesting point when he said that “It’s important to remember to not just hodl your crypto, but also to spend it to help increase adoption. Since the crypto space is still early days, spending and transferring cryptocurrency has never been so important!”
Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade cryptocurrencies through subversive means. Although trading is banned, mining cryptocurrency in the country is still legal, and it is estimated that 60 percent of all Bitcoin’s hash power comes from China.
The change follows a recent legal ruling by China’s Hangzhou Internet Court that classified Bitcoin as a commodity that should be considered ‘digital property.’ While the ruling didn’t go so far as to give it a ‘legal currency’ status, the recognition by an authoritative body is evidence of changing mindsets within the country."
This brings the question of will china accept cryptocurrency as a currency or will it just stop its level of support at accepting it as a commodity [/font]
-source : https://cryptocurrencynews.com/china-stance-cryptocurrency/
"In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world.
Leading crypto payment gateway Coinpayments recently formed a partnership with directory listing site Cryptwerk, in a move that will no doubt help increase adoption within the industry. In the press release regarding the partnership, Sean Mackay from Operations at Coinpayments raised an interesting point when he said that “It’s important to remember to not just hodl your crypto, but also to spend it to help increase adoption. Since the crypto space is still early days, spending and transferring cryptocurrency has never been so important!”
Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade cryptocurrencies through subversive means. Although trading is banned, mining cryptocurrency in the country is still legal, and it is estimated that 60 percent of all Bitcoin’s hash power comes from China.
The change follows a recent legal ruling by China’s Hangzhou Internet Court that classified Bitcoin as a commodity that should be considered ‘digital property.’ While the ruling didn’t go so far as to give it a ‘legal currency’ status, the recognition by an authoritative body is evidence of changing mindsets within the country."
This brings the question of will china accept cryptocurrency as a currency or will it just stop its level of support at accepting it as a commodity [/font]
-source : https://cryptocurrencynews.com/china-stance-cryptocurrency/
This was very possible indeed. China was very open to changes and adoption, they are also one of the leading countries that opens a lot of businesses. They are continously upgrading their technologies, transportation and economy, in this matter there is a big chance that they will also accept Bitcoin as a currency.
Possibly In the next 10 years bitcoin will be accept in China with many people have move their money in the bank and save it in bitcoin or altcoin, China have been regulated of bitcoin become legal payment because their people better save money in bitcoin than have put in the bank.
No way, china can never accept bitcoin in a form of currency rather a digital store of value.
China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
China banned bitcoin in early 2017 and also banned bitcoin mining in the country in mid-2018.
Perhaps, China could create its own cryptocurrency which is going to be controlled by the Chinese Government.
They will not accept bitcoin as the main currency, but perhaps can accept another crypto that will be backed by the yuan
Im convince on the result of the poll.They are showing support for bitcoin those whales from china im sure they are making move on flowering bitcoins name there in the government.If we wait up years from now surely we can expect them using bitcoin as a secondart currency there
After banned last two year possible or not China want to accept bitcoin again, how ever China have been banned bitcoin as trasaction payment at their country and many mining project closed there because not have regulation by their government, less chance to see bitcoin become legal in China for several years again.
I think it will be easier for China to create it's own independant crypto and immediately get more than 1 billion users... rumors say they are actually developing it... crazy times ahead 
In fact, China is already doing this, right? I definitely heard the news about the implementation of the national cryptocurrency in China, however, will the Chinese want to accept this, knowing that most likely this cryptocurrency will be controlled by the Chinese government?
I think it will be easier for China to create it's own independant crypto and immediately get more than 1 billion users... rumors say they are actually developing it... crazy times ahead
It is not far that China will make their own way into crypto and might also have their own centralized coin in the future. China is one of the biggest contributor in the whole crypto market and is really active in regards to crypto. Just a little news on China regarding crypto affects the whole market.
most of miners are china peoples because china has cheap electricity the can do mining operations very cheap and get maximum profit compare to other country miners.i herd some news china creating digital version of there yen so its good news if government enter to crypto currency market probably they will consider about btc too
It is not correct to call that most of miners are based in China, but they are from a Central and controversial state of China (SICHUAN) which claim to be independent of China's government.
The state has deployed more 74% of its electricity need from renewable sources , so this is the particular reason the electricity is cheap there.
As i know there Is possible to pay for goods in China with Bitcoin if any merchant accept that way of payments
Bitcoin is not banned in China.Bitcoin trading is banned in China but it is not so much big problem for China traders
Bitcoin is not banned in China.Bitcoin trading is banned in China but it is not so much big problem for China traders
I voted for yes but it could possibly happen in the next 10 years.
I think there will be a big competition in the future and those counties who are not pro crypto now will begin to realize they will loss in the race if they will not adopt. Bitcoin is the only coin that is transparent and that could give real ownership to people since we can access our bitcoin any time we want, sell it or do whatever we like it.
When people will adopt to blockchain, we can make this a better world and I think that would definitely happen in the future.
The leading tech such as Facebook are planning to enter in the market big time, so thats a sign that they are positioning themselves early.
I think there will be a big competition in the future and those counties who are not pro crypto now will begin to realize they will loss in the race if they will not adopt. Bitcoin is the only coin that is transparent and that could give real ownership to people since we can access our bitcoin any time we want, sell it or do whatever we like it.
When people will adopt to blockchain, we can make this a better world and I think that would definitely happen in the future.
The leading tech such as Facebook are planning to enter in the market big time, so thats a sign that they are positioning themselves early.
Jump to: