Ninjastic
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Re: China will block all sites related to cryptocurrency and ICO
by
Btc_1856
on 26/02/2018, 04:09:50 UTC
Quote from: marcbitcoins on February 25, 2018, 06:24:59 AM
Quote from: vothuong637 on February 07, 2018, 08:40:59 AM
Quote from: stomachgrowls on February 06, 2018, 12:31:53 PM
Quote from: BrokenRules on February 06, 2018, 12:27:16 PM

China will block all sites related to cryptocurrency and ICO transactions, including foreign sites.
Ads on cryptocurrency and ICO disappeared from Baidu and China's Weibo
China applies a variety of controls to ICOs and domestic and foreign crypto trading platforms, including a decision to ban all other related businesses, such as local and foreign crypto trading sites.
This statement is seen as a "knock-out" to completely stamp out the domestic cryptocurrency market.
Can you link some source regarding on this news? on where china do already come into this state where they do impose more stricter about banning crypto and regulating some ICO. If it does then we cant do anything about it but would really see less adoption but yet its not still the actual reason on putting crypto into an end as long theres still people who do involve on these things dying isnt still possible on these days.

You can refer to the following links:

https://cointelegraph.com/news/ban-complete-china-blocks-foreign-crypto-exchanges-to-counter-financial-risks

http://fortune.com/2018/02/05/bitcoin-china-website-ico-block-ban-firewall/

Indeed, such bad news has had a very bad impact on bitcoin price and cryptocurrency price. I lost half of my fortune in these days. Sad


Last year they ban Bitcoin and the ICO but they lifted the ban with the reason of regulation to ensure the safety of their people. Now they will ban it again for the same reason of regulating. I think security of the nation is not the real reason of this ban but to try to manipulate Bitcoin price so that they could control the price value of it in favor of their economy. No doubt they will lift the ban again if they failed to do so.

They never said about banning the Bitcoin in their country, they want to control the flow of their currency to other countries. They are really talking lot of steps to legalize cryptocurrency but we don't know until we get confirmation from their governments.