Another wave of Bitcoin FUD is coming from China as the Chinese central bank claimed that local state agencies have improved tools to fight against crypto transactions more effectively.
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.
https://cointelegraph.com/news/chinese-regulators-unite-forces-to-crack-down-on-cryptoCan this negatively affect the price of Bitcoin or has the market already reacted to it because it is old news?
they will not stop spreading negative information unless if they already obtained enough attention around the internet in order for them to spread the information as well that they already have their own digital currency. Lol
They're very hated with crypto or should i say in bitcoin, wherein even though it's been months since they banned all the activities of it within the country, and they announced the new policy after the replacement of crypto with their own digital currency.. I don't know what's the other reason of china why they still doing the same way at this point, even it's obvious that all of their efforts to shutdown crypto currency is useless because they already out of it.. Lol
Get used to it on which they've been always like this on where they do make out decisions which is neither totally opposing or in positive side.No one really knows on whats up into their minds because it always been
like this get back in the past which upcoming similar decisions could really happen in upcoming years to come.This isnt limited on China but also in other countries as well not only on legal matters but also
with some personal FUDs came from other people specially known ones.
Expect the unexpected and place your position whenever you do see an opportunity to buy cheap.