Quote from: 1Referee on August 07, 2018, 06:57:51 PM

Quote from: audaciousbeing on August 06, 2018, 02:48:08 PM

There have been several reports from several countries from Russia, China, United States and now India but at the end of the day there is nothing that comes out of it when the appetite of people have been wet already.

China has at least taken the necessary actions, even though it wasn't in favor of crypto. The only positive aspect of their sanctions is that the local crypto economies there have been exploding in size, and the same has happened in India. Governments are delusional thinking that harsh sanctions against crypto are being swallowed without resistance.

I don't know how serious the legal issues in China when it comes to cryptocurrencies as I still see some Chinese exchanges like HUObi and OKex still dominating their country as well as the overall traded volume, this shows that their citizens can actively trade cryptocurrencies without the government interrupting their activities. Also they do have a manufacturer of mining equipment Bitmain who is also legally operating their business in China as well as they do have a few miners located in it. From what I see is that the news in China is being recycled to us and they make it look worse compared to the real situation misleading us all.