China want to ban or want to accumulate crypto?

[Gyrgen]

I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.

[pelana vreo]

For now maybe they ban cryptocurrency,
however I believe their country will accept crypto once they finalize the new system and regulations they want to implement.

Digital Yuan is a stable coin and I think we will be in such a trend one day. I'm still waiting for some updates on the information about Digital Yuan, because I don't think a country would ban transactions that would give them an advantage. for example, from tax proceeds trading and withdrawal fees from crypto to Yuan, this will increase the country's income and increase the value of the Yuan

[Gvent]

For now maybe they ban cryptocurrency,
however I believe their country will accept crypto once they finalize the new system and regulations they want to implement.

Digital Yuan is a stable coin and I think we will be in such a trend one day. I'm still waiting for some updates on the information about Digital Yuan, because I don't think a country would ban transactions that would give them an advantage. for example, from tax proceeds trading and withdrawal fees from crypto to Yuan, this will increase the country's income and increase the value of the Yuan

Most likely, China is working on the introduction of cryptocurrencies into the state financial system. So far, this is being done in test mode and all versions are being checked. China has the strongest economy in the world and they don't want to do the wrong thing and destroy everything. That is why there is such a cautious attitude towards cryptocurrencies.

[Pagli]

China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags

[Tepona]

Cryptocurrency transactions will not stop within the borders of a particular country. Cryptocurrency will be much more popular worldwide. When the world approves cryptocurrencies,Then the government of any country will not be able to control cryptocurrency transactions even if it wants to. So the future of Crypto currency is good in every country. I think cryptocurrency control over China's approval or suspension will stop.

[owlest]

A lot of people in the cryptocurrency market are prone to panic moods. And instead of doing something and changing the situation in their favor, they start talking on social networks about the fact that the market is not fair and that there is one deception. Fortunately, I have learned to see such people, which helps me not to trust their empty words.

There are very few people like you. Basically, everyone believes in such posts, because they believe that since they publish it, it means that smart people are doing it. They may be smart, but they manipulate their consciousness to their advantage. Therefore, before taking any action, you need to think three times.

[Noverteno]

The Chinese government definitely does not need cryptocurrency. They are not going to accumulate it. Regarding the financial system in their country, they have their own plans. The current ban on mining and the circulation of cryptocurrency is primarily due to the preparation for the official launch of its digitized yuan. The Chinese government does not want anything to hinder the circulation of the digitized yuan. Let's see how the digitized yuan will be perceived by the people. This will have a further impact on the cryptocurrency in this country.

[Gvent]

The Chinese government definitely does not need cryptocurrency. They are not going to accumulate it. Regarding the financial system in their country, they have their own plans. The current ban on mining and the circulation of cryptocurrency is primarily due to the preparation for the official launch of its digitized yuan. The Chinese government does not want anything to hinder the circulation of the digitized yuan. Let's see how the digitized yuan will be perceived by the people. This will have a further impact on the cryptocurrency in this country.

The appearance of a new coin at the state level in China will greatly affect the cryptocurrency market and all its participants. I think that at this stage they have a task to prevent the launch of the coin from being disrupted. And after it, it will be adapted with the world of cryptocurrencies.

[anshor1]

China banning bitcoin and cryptocurrency in all ramifications has been a recurring theme in crypto. It's even getting boring. But crypto always gets back to its feet all the time. This last time I loved it because I used the opportunity to fill my bags

I think It's not big problem, I heard several times about negative issue. China banned, other countries blocked. But crypto still going to up and more popular.
I don't think about negative issue, when crypto dump, I hold.

[Jaephoenix]

However way this ban goes, the crypto player always win. How? If they truly ban it, of course the market sees red, and its time to fill your bags. If they adopt crypto, then the bulls take over and the player is happy

[Alcor]

I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.

It is now obvious that the Chinese government really had the intention to ban cryptocurrency in their country. Cryptocurrency has been banned in China as a possible competitor to the digitized yuan, which is officially launched into free circulation at the same time as the opening of the Winter Olympics. It remains to be seen how the digitized yuan will work and how people will perceive its appearance.

[trauchot]

A long time ago I noticed that various negative news did not start to influence the cryptocurrency market so much, of course, various negative and good news still affect the cryptocurrency market, but not like before, and therefore if China really will ban the use of cryptocurrencies in their country, then I think that the cryptocurrency market will not suffer so much from this, since the cryptocurrency market has already become very large.

[cheezcarls]

They are too shady on this. Yes although that they are banning their citizens, companies, financial institutions, banks, etc., from adopting cryptocurrencies because of their mindset that it’s a threat to the digital yuan, yet the government is still holding a lot of BTC. I think secretly they are purchasing more BTC and selling it for profit or so.

But I do believe in the change of heart though. If you look at India and Russia, back then they are set to ban crypto mining and trading and criminalize those who get caught holding or trading it. But right now? They’re regulating it instead which is a good move apart from a high tax rate. 

[dekafee79]

Keep calm, I think China just share negative issue to accumulate crypto.
Many whales from China, and I don't believe China will ban crypto forever.
Because their citizens are also investor of crypto currency.
It's just market strategy.

[Freemind]

I think that the Chinese government does not need this kind of investment. They just follow their policy that prohibits the use of cryptocurrencies. And who is right, time will tell.

It is now obvious that the Chinese government really had the intention to ban cryptocurrency in their country. Cryptocurrency has been banned in China as a possible competitor to the digitized yuan, which is officially launched into free circulation at the same time as the opening of the Winter Olympics. It remains to be seen how the digitized yuan will work and how people will perceive its appearance.

I think it is more accurate to say that China has officially banned cryptocurrencies, and when I say official I mean that cryptocurrencies continue to be bought and sold in China without any problem. The black market has always existed and will exist, as well as numerous forums and platforms where Chinese citizens can buy and sell cryptocurrencies. The government can control exchanges and some network connections, but cannot control proxy servers or VPNs. Trading still continues, but in a different way.