Topic: Will China ban bitcoin completely? opinions (Read 496 times)

There can also be a variant like special manipulation of rumors that the Chinese government wants to block Bitcoin.
The goal is only to lower the cost of bitcoin even lower.

I am sure the Chinese government will not be able to forbid the use of bitcoin while the chaos in the Chinese state is very reversed with what is forbidden because some of its own people are the biggest users of crypto currency.

I completely agree with you. You can ban at any time and this is not the best way. It is much easier to take part in the process and eventually lead it. That's what the Chinese authorities need to do.

Since September last year, the Chinese government began to pursue a policy of deterring crypto currency at home in the country, and this was explained by the fact that the crypto currency is a threat to the country's economy due to the fact that it allows uncontrolled withdrawal of money from the country, and the crypto currency allows criminals to facilitate the commission of various crimes related to money laundering and others where anonymity is required. In addition, the ICO was criticized there for the possibility of using its scammers. Since then, they have been looking for their own solutions to these problems, then closing exchanges and exchangers, then banning the mining of bitcoins, then introducing other restrictions. Apparently, they did not come up with any special solutions to these issues, since the exchanges and exchangers began to open almost semi-legal. Also there, at first, they decided to issue their own national centralized crypto currency, but after a while they also stopped dealing with this issue. Such external indecision on the part of the government suggests that they have not found effective ways to solve these issues. Therefore, we can say that it is not going to prohibit the crypto currency at home in the country. This is also confirmed by the fact that recently there appeared information on the permission to conduct ICO under government control.

I think china wants to banned bitcoin completely because china doesn't like any interference things from outside, but if all other countries or most of big countries agree to adopt then china will follow it, because there  is a chance that bitcoin could be use in a lot of things in the future, so if china missed to join then they will be left behind, so now the government still focus on observing btc

I think it is too late to ban it in any country, as all countries have their own big amount of btc holders and people would protest.

Incorrectly written, sorry. China bans, blocks social networks constantly and conducts monitoring.

The Central Bank of China believes that the crypto-currencies threaten the stability of the yuan. And therefore, they will not restrict monitoring, prohibitions and blocking of accounts in social networks. But China will not give up completely from the crypto currency.

There are certain rumors or maybe news regarding this issue that China are now ready to formalize and legalize the cryptocurrencies. If it's true, that would be a great news for everyone.

How can this prohibition be achieved? constant surveillance for every resident of the country? or can it be turned off the whole country from the global Internet network?

I don't want to believe in such things - a dreamer inside myself is waiting for the canceling of that law.

Agree with you! Chinese government has fewer and fewer methods to ban cryptocurrency.

it looks like later chinese will mimic bitcoin as they imitate all products of other country's products ...
to ban bitcoin will not work at all, now the online system, there is always a gap for bitcoin sales even if it is prohibited by a country.

It is possible, as China is one of the countries that don't want bitcoin anymore and they like to make their own blockchain with their NEO.
They created a coin to compete with other to be more regulated on their country, especially that they have now NEO and NEP5 token,
they don't need bitcoin anymore and don't want this btc to go rise again.

I doubt that technically there is an opportunity to completely block Bitcoin. Although China has already shown its ability to block Google but block the possibilities of blockchain is much harder.

maybe if only the Chinese government want to learn the blockchain system and try to be able to control the movement will be better than forbid it while technological progress in the future will surely grow rapidly and it would also need instant financial transactions as well to offset all that.

Menurut saya negara cina tidak mungkin melarang sepenuh nya ada nya bitcoin ,  pertumbuhan bitcoin di suatu negara semakin maju . saya pikir negara cina melarang ada nya bitcoin itu tindakan yang kurang pas. Karena setiap warga terbantu ada nya bitcoin itu sendiri. Jadi, selagi bisa menghasilkan uang atau pendapatan apah boleh buat.

What a joke, they won't ever ban crypto, as long as they create own blockchain and also they have some changes in government, so new crypto loyal managers have come

I think if China really ban bitcoin it will hit very hard at its price. As one day, China caused a price increase, so it may collapse.

This has been discussed in the forum since last year and I don't think that they actually ban crypto's but they are regulating ICO's but it's unclear on what's really the situation their in China. But what I'm sure of is that there's no existing ban in bitcoin there.
You may not see any reason and even I but they have their own reason to do the ban or regulating cryptocurrencies in their own jurisdiction.