Ninjastic
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Re: China Bitcoin Ban Again? Whenever In Doubt, Look At This List
by
Wawa2013
on 30/09/2021, 00:46:32 UTC
Quote from: Finestream on September 29, 2021, 11:58:56 PM
Quote from: Shenzou on September 29, 2021, 07:24:48 PM
Quote from: TedMosby on September 25, 2021, 07:13:51 AM
Zoom out the chart or take a look on this article.

List of websites blocked in mainland China:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China

They only want the chinese version of Bitcoin  Grin
This is was obvious and i actually was surprised that it took them a while to ban it, since bitcoin has been very popular among Chinese and the government had no control over it, but  i think that with the increase of the use of crypto in the world they have decided to create their own crypto and ban bitcoin and cryptocurrency just to force people to use their own version, just like they did with many internet sites and devices .
Well, this is no surprising at all because China always want to be the center of all even in the aspect of digital currencies. So what they did is to impose a force banning on all cryptos that can block the popularity of their own digital currency. They want to give focus to yuan but the citizens are not being cooperative since we all know that there are lot of Chinese people who are bag holders of bitcoin and other potential cryptos. Imposing a ban that will finally stop all crypto related activities but i think bitcoin will not be beaten by this, only those who are holders of it. Maybe going to nearby countries to transact cryptos is the best thing they could do.

The Chinese government prohibits cryptocurrency, it must have something to do with the digital Yuan, so that the Chinese population is more focused
on the digital Yuan. Because we know there are so many crypto users in China, the Chinese government is worried about this situation, so move fast
by banning crypto. I agree with you, Chinese residents will not stop making transactions using crypto. Because there must be various ways for
Chinese residents to still be able to transact using crypto. So what the Chinese government did was not entirely successful, because in the end
even though it was banned, the Chinese population would definitely find a way to still be able to trade crypto.