Post
Topic
Board Bitcoin Discussion
Re: Can China Ban on Bitcoin have any negative effect on Bitcoin in future?
by
Marvell1
on 12/10/2021, 15:27:19 UTC
...but I see them going ahead to try to influence other big countries to follow their foot steps.
I ain't sure China is going in that direction or if she is, she hasn't succeeded in that aspect because we haven't seen the supposed big countries banning Bitcoin. What we see most of them do is ask for regulations and documentations from exchanges domiciled in those countries. Talking about the effect of China's negative attitude towards Bitcoin; well, I don't think we have seen much effect in that direction. Bitcoin is still waxing strong and soaring to new heights.

If this were an American ban, perhaps things would be different. China started banning crypto in 2013, this year they completely banned bitcoin in their country. And then Mr. Gensler, states that the SEC has no plans to ban crypto, That is an affirmation China has failed to entice other countries to ban bitcoin. Bitcoin has grown without China and now it is being supported by many countries. China's ban has long had no effect on bitcoin.