Quote from: stomachgrowls on February 06, 2018, 12:31:53 PM

Quote from: BrokenRules on February 06, 2018, 12:27:16 PM

China will block all sites related to cryptocurrency and ICO transactions, including foreign sites.
Ads on cryptocurrency and ICO disappeared from Baidu and China's Weibo
China applies a variety of controls to ICOs and domestic and foreign crypto trading platforms, including a decision to ban all other related businesses, such as local and foreign crypto trading sites.
This statement is seen as a "knock-out" to completely stamp out the domestic cryptocurrency market.

Can you link some source regarding on this news? on where china do already come into this state where they do impose more stricter about banning crypto and regulating some ICO. If it does then we cant do anything about it but would really see less adoption but yet its not still the actual reason on putting crypto into an end as long theres still people who do involve on these things dying isnt still possible on these days.

In the digital diary emol economy, i lost the link.

Quote from: marielbeckham on February 15, 2018, 05:01:50 PM

Where is this information taken from? Is it the official and approved statement?

A news item on 5/2:
The recent acquisition of the Chinese company BTCC, one of the three largest Bitcoin exchange operators in the country, by a blockchain investment fund in Hong Kong is the latest example that confirms the Chinese authorities' willingness to put an end to the business of cryptocurrencies. After the purchase, the company will focus exclusively on the international market and abandon its business of exchanging virtual currencies in mainland China, where the Government continues its efforts to put an end to this business. China has so far been the leading location for the cryptocurrency exchange business and hosts the world's largest community of Bitcoin "miners", computers that update and approve bitcoin transactions through blocks that are linked to a chain of data. According to estimates of January of the British consultant Capital Economics, until recently, 70% of the Bitcoin mining in the world was done in the Asian giant. "Most of the Bitcoin trading was done in renminbi (the Chinese currency, also called yuan) until the government began to prevent it, now the proportion of mining that takes place in China has fallen to 50% and currencies which are used are the dollar, the euro, the yen and the South Korean won, "the firm says.

jmolinass839

Posts

Merits