If China soon welcomes crypto: strong bullrun?

[yohananaomi]

The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.

China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.

[bayu7adi]

China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.

Until now, the CBDC that China is testing is the only clue regarding China's opinion about cryptocurrency. This country has a huge influence on the world economy, and we can only see the government's decision whether it will still accept cryptocurrency as a decentralized digital currency or not.

If they remain adamant about their CBDC under the pretext that power can still be controlled, then the history of our privacy in cryptocurrencies which prioritizes privacy without interference from third parties will be over.

[Google+]

The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.

China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.

It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.

[LUCKMCFLY]

The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.

China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.

It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.

In China, many things have always happened so that bitcoin did not arise, and that goes hand in hand with the government that wants to control everything, I personally have always said something, when we need a lot of bitcoin things and sbeuno considers the good and things bad, that's why it's better than bad, I don't know, but Everyone remembers when in CHINA they were going to launch their own crypto with competition from Facebook, they were looking for a way to do good publicity for bitcoin , and after that they caught it and everything was fine , then they made bad publicity I think people in China Know a lot about Bitcoin and that's the interesting thing, those who are Intelligent know that they should have bitcoin.

[0t3p0t]

The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.

China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.

It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.

But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.

[legend45]

But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.

Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.

[MrSpasybo]

Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.

As I understand it, crypto is currently only considered an asset and investment in Hongkong. Since Hongkong is ultimately governed by China, it is unlikely that crypto will become a legal tender in the near future. While BTC and ETH spot ETFs have been approved and have begun to attract inflows from traditional investors, the uptake has not been particularly impressive. Nevertheless, these represent the initial steps in experimenting with crypto, and I hope that Hongkong's success will encourage China to seriously consider the potential of crypto for the economy,  hence the crypto market has the opportunity to once again receive a huge inflow of capital from Chinese investors.

[yohananaomi]

But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.

Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.

Maybe there is no accurate news yet on what Hong Kong can do with crypto? But we welcome it because there are changes, although not on a large scale, which have provided a breath of fresh air regarding the activities that can be carried out there. Maybe this is the first step before there will be more movement later, but there have been improvements in the ban so far. I think that one day China will be able to accept it again after regulating its regulations properly.

[MrSpasybo]

Maybe there is no accurate news yet on what Hong Kong can do with crypto? But we welcome it because there are changes, although not on a large scale, which have provided a breath of fresh air regarding the activities that can be carried out there. Maybe this is the first step before there will be more movement later, but there have been improvements in the ban so far. I think that one day China will be able to accept it again after regulating its regulations properly.

Legally, Hongkong belongs to China and is heavily influenced by Chinese law. It is quite unusual that China bans crypto while Hongkong accepts it. Therefore, I believe that Hongkong is where China is conducting crypto experiments to see the impact of crypto on the economy and society. The recent launch of regulations and BTC & ETH Spot ETFs in Hongkong has confirmed China's positive view of crypto.

I hope that we will continue to have good news from Hongkong and soon see China accept crypto mining, trading, and investment activities within this cycle. In addition to the US presidential election event, money flow from Chinese investors could be the driving force behind a major bullrun.