Re: What would people face in china if they buy crypto ?

What would people face in china if they buy crypto ?

nothing,there is no law or even a newwspaper article that forbids people to trade or buy cryptocurrencies
it is the banks and the trading platforms such as exchanges that are targeted
if you cannot convert or sell/buy cryptocurrency,you will not be using it,so there is no reason to punish common folks
it is much easier and effective to ban exchanges and banks from dealing with it
and then punish those that do not comply

So it means that china users can do bitcoin work and save it , so that in future if the local exchanges start to take bitcoin trading then that time they can trade with bitcoin what they are holding it.

Yes, but as a Chinese, I can see little possibility the gov will resume the exchanges, people will begin to do OTC trading in the future.

OTC is not banned publicly, whatever, with a VPN you can do trading on localbitcoins or any other P2P trading platform.

That was interesting to here the opinion of the insider. There are so many news and information around China and their banning of exchangers and ICOs, but there where no word from a citizen till now.

And now this:

https://www.coindesk.com/state-owned-power-provider-denies-chinese-bitcoin-mining-ban-rumors/

So after the unexpected moved by the Chinese government to put a hammer ban on ICO's and closing their local exchanges, and it seems that bitcoin mining is next. Though there is no official announcement yet, but this news should significantly affect how bitcoin is being treated in China. These will have an impact to the ecosystem.

So for the Chinese it looks like the government wants complete shutdown of bitcoin, so your only logical choice is OTC only. But I don't know if they will target it next so just a word of precaution that you need to be careful.