Quote from: barbara44 on Today at 06:43:04 PM

Quote from: Samthehero on September 24, 2021, 01:24:01 PM

China's market regulators and the Ministry of Public Security said cryptocurrency is "disrupting the economic and financial order, breeding illegal and criminal activities such as gambling, illegal fund-raising, fraud, pyramid schemes, and money laundering, and seriously endangering the safety of people's property."

How will this impact Bitcoin and other cryptoprojects?? What do you think guys?

So far we have seen that there isn’t anything much that has happened due to China banning cryptocurrency from their country. The price of Bitcoin and other cryptocurrencies would continue to grow because there are other people in other countries that are fully in support of it.

And another thing I would like to say is that this shouldn’t be a shock to the cryptocurrency community, because China has already been showing signs that they are not in support of cryptocurrency right from start, the government has always been fighting against cryptocurrency and which is why they proceeded with creating their own digital currency. So this was already going to happen.

Exactly, even the big miners who are operating in china before are force to sell their rigs due to the regulation of china aginst crypto. They cannot have a sustainable business if the government are not supporting crypto, actually mining business is good in china since the electricity rate is cheap but without the support fo the government that cannot be an advantage.

I don't even understand why people still are interested on negative news from china when we know in the first place that bitcoin trading is already ban in this country.