Post
Topic
Board Bitcoin Discussion
Re: As a Chinese, I want to talk about China's ban on cryptocurrency
by
Rushzhy
on 13/06/2021, 04:25:27 UTC
I wonder the overall impact of the mining ban, first off people can still access bitcoin via a vpn but will everyone really be forced to shut down all mining, will there be 100% compliance?  I guess the mining will all move overseas.  Secondly the BTC price took a hit, but will the ban really negatively impact the bitcoin ecosystem if mining has to move, as other countries (El Salvador) are starting to be more supportive? 
Regarding the question of whether you are 100% qualified, I want to say that there are a lot of non-compliant places in China, but because of the centralized government, people have no way to do it in the country. Just like North Korea, many things are not compliant, but people there still There is no way. As you said, many mines are moving overseas. Due to COVID-19, the border is blocked, and the transfer of mines is relatively slow. The only way to transfer equipment is to find an agent aboard. Way to solve.