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Re: China calling for a wider ban on Crypto currency trading ?
by
Casmiro
on 29/03/2018, 03:33:45 UTC
Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

This information doesn't mean anything, and China still has a lot of people trading and investing in encrypted currencies.

It is as if the country has put a traffic light on the road and let people obey it. We can still see people running red lights. The state thinks you are wrong and the rules are his.

There is no technical way to ban encrypted money, and as long as it is recognized, it will exist.
In the world of crypto currencies, you will get to hear so many news everyday but it not at all necessary that all those news is true and that most of the news which you hear are nothing but rumors. There is no such thing as none of the government official has so far said such kind of thing and that there are so many people living in China are still making out a huge amount of money because of crypto currencies.
Good or bad news about cryptocurrency will always be there. I think the CHINA government will find it difficult to completely combat the use of crypto in the country. The government may issue a ban on crypto users, but it will not be a problem for crypto users. Because in crypto, users do not use the need to use their credentials to join. Crypto does not have data about the user's identity, so crypto users also feel safe. So how can the government eradicate it?