Whether an actual "ban" or not, I'm curious what long-term changes this will have to other countries and how they interact with cryptocurrency. Thoughts?
Of course as the dominant or totally monopoly of mining. Shutting down all bitcoin related activities will seriously put a dent on the market as we have seen in a little as 2 weeks. But if they chose to close the door, I guess other opportunities will open for others. Maybe Japan will take the lead and the void that the Chinese will left. I think they have invested on their own mining farm and soon we will see this idea come into fruition. There is also South Korea who is also as dominant as Japan and China in the trading sphere. Of course the West is also there as well. Short effect, yes, but I doubt it will have serious affect in the long run.