If China soon welcomes crypto: strong bullrun?

[pieppiep]

I see the Chinese government has not given permission at all and still rejects bitcoin and crypro, I think this policy is because they are afraid that FIAT will be replaced by bitcoin, we also read that the government prohibits crypto mining there. The government should start learning to accept bitcoin like other developed countries. Trump and Kamala are struggling to gain sympathy and votes by voicing their support for crypto, we'll just have to see whether a politician will always keep his promises or just for momentary interests before the election.

Chinese government might be worried about a lot of things, often related to their absolute power in controlling the economy, so they'll likely try to protect the strength of fiat currency. They're also experimenting with e-CNY on a small scale but haven't announced any plans for nationwide adoption. I think the results haven't been positive, which is why they allowed Hongkong to accept crypto as a test.

The US and China have always been rivals in economics, military, and technology. With the development of crypto in the US, regardless of who the new president is, crypto will enter a new phase of development and strengthen the US position in the crypto/blockchain market. I believe that China won't be able to stay out of the crypto wave at that point. Let's wait and see ^^

The US and China are always competing in the economy today, there may be a reason why China does not give crypto permission there. Until now I still do not understand why the Chinese government might protect their currency.
While the US has started to give crypto permission, US citizens can invest in crypto.

China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.

The Chinese government exercises strict control over its financials and economic affairs to a greater extent. Crypto, which is usually decentralized, can undermine this power by diminishing the government’s capacity to regulate money flows in addition to monetary policy. China could be alarmed by the adoption of cryptos as it can potentially lead to the weakening of the Chinese currency and monetary system.

However, the government of the United States plays more of a role of monitoring and policymaking concerning Bitcoin rather than completely shutting it down. These are aware of technological development prospects and economic returns that crypto can present and are interested in finding ways of regulation of the industry for safety of investors and of the public.

[Hatchy]

China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.

[MrSpasybo]

China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.

The Chinese government exercises strict control over its financials and economic affairs to a greater extent. Crypto, which is usually decentralized, can undermine this power by diminishing the government’s capacity to regulate money flows in addition to monetary policy. China could be alarmed by the adoption of cryptos as it can potentially lead to the weakening of the Chinese currency and monetary system.

However, the government of the United States plays more of a role of monitoring and policymaking concerning Bitcoin rather than completely shutting it down. These are aware of technological development prospects and economic returns that crypto can present and are interested in finding ways of regulation of the industry for safety of investors and of the public.

We'll wait and see which approach will benefit each country more: the US adopting crypto or China banning it. I think the answer will come in about 4-5 years, or China will also soon accept crypto if e-CNY doesn't succeed as expected.

El Salvador has been very successful in applying the BTC strategy for the country but this is only a small success. The US is the world's leading economy, their success with crypto will make it impossible for China to continue standing outside this financial wave. That could be one of many drivers for the bullrun 2025 ^^

[doc]

China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.

The Chinese government exercises strict control over its financials and economic affairs to a greater extent. Crypto, which is usually decentralized, can undermine this power by diminishing the government’s capacity to regulate money flows in addition to monetary policy. China could be alarmed by the adoption of cryptos as it can potentially lead to the weakening of the Chinese currency and monetary system.

However, the government of the United States plays more of a role of monitoring and policymaking concerning Bitcoin rather than completely shutting it down. These are aware of technological development prospects and economic returns that crypto can present and are interested in finding ways of regulation of the industry for safety of investors and of the public.

We'll wait and see which approach will benefit each country more: the US adopting crypto or China banning it. I think the answer will come in about 4-5 years, or China will also soon accept crypto if e-CNY doesn't succeed as expected.

El Salvador has been very successful in applying the BTC strategy for the country but this is only a small success. The US is the world's leading economy, their success with crypto will make it impossible for China to continue standing outside this financial wave. That could be one of many drivers for the bullrun 2025 ^^

if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.

[NotATether]

if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.

Who said US accepts crypto?

ETF acceptance does not imply accepting crypto.
Mining permits does not imply accepting crypto.
Presidential shenanigans definitely do not imply accepting crypto.

The SEC and CFTC are busy scorching projects left, right, and center, meanwhile the FBI and OFAC are working overtime to criminalize making crypto anonymous and are punishing people like Samourai Wallet developers for doing so.

Don't be so naive. Crypto acceptance is not black and white.

[MrSpasybo]

Who said US accepts crypto?

ETF acceptance does not imply accepting crypto.
Mining permits does not imply accepting crypto.
Presidential shenanigans definitely do not imply accepting crypto.

The SEC and CFTC are busy scorching projects left, right, and center, meanwhile the FBI and OFAC are working overtime to criminalize making crypto anonymous and are punishing people like Samourai Wallet developers for doing so.

Don't be so naive. Crypto acceptance is not black and white.

Currently, we only know that crypto is not entirely banned in the US, meaning people can invest in crypto if they want to and won't face serious accusations like in China. Users can also pay with crypto through some services, even though the seller will receive fiat instead of crypto.

I'm waiting for the official acceptance of crypto after Trump wins this election. It will be a global event and could cause the Chinese government to change its views and policies on crypto, at least no longer applying extreme bans to this new asset class.

[Hisbullah]

Currently, we only know that crypto is not entirely banned in the US, meaning people can invest in crypto if they want to and won't face serious accusations like in China. Users can also pay with crypto through some services, even though the seller will receive fiat instead of crypto.

I'm waiting for the official acceptance of crypto after Trump wins this election. It will be a global event and could cause the Chinese government to change its views and policies on crypto, at least no longer applying extreme bans to this new asset class.

If Trump wins and crypto is legalized in the US, this will affect China in treating crypto, because so far we know that crypto is prohibited in China.
The price of bitcoin will be more expensive, if Trump legalizes crypto in the US.
I also see the US government that doesn't like mixers, will Trump relieve it? This will be a big question.
Because in my opinion, there is crypto technology that can be accepted by the government and there are also those that worry the government because we have also heard that governments in several countries have banned private coins.

[kulkhan]

China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.

We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.

So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.

[luckyledger]

China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.

We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.

So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.

Yeah.
The growth will be there, the question is - how much, and when it will happen

[MrSpasybo]

If Trump wins and crypto is legalized in the US, this will affect China in treating crypto, because so far we know that crypto is prohibited in China.

The price of bitcoin will be more expensive, if Trump legalizes crypto in the US.
I also see the US government that doesn't like mixers, will Trump relieve it? This will be a big question.

Because in my opinion, there is crypto technology that can be accepted by the government and there are also those that worry the government because we have also heard that governments in several countries have banned private coins.

Mixers are a sensitive issue when governments want to regulate crypto. I don't know Trump views on Mixers, maybe we need more time to figure out how to deal with Mixers to protect the interests of crypto investors.

I myself also hope that Trump will win this election to promote the crypto wave on a global scale, from which China cannot continue to stand aside or oppose this financial trend. This could be a milestone that helps crypto freely receive cash flow from investors from all countries in the world, promoting a new stage in the history of crypto.

[Hisbullah]

China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.

We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.

So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.

China is one of the countries with the largest economy, so if the Chinese government legalizes crypto it will have a positive impact on crypto. many Chinese citizens invest in crypto even though the government prohibits it, and this will be a good thing for their citizens if the government allows it.
We see several other big countries have started to accept crypto, including the US even though we also know they are fighting mixers but at least it is good because what is being fought is only mixers, but accepting other crypto.

[kulkhan]

China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.

We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.

So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.

China is one of the countries with the largest economy, so if the Chinese government legalizes crypto it will have a positive impact on crypto. many Chinese citizens invest in crypto even though the government prohibits it, and this will be a good thing for their citizens if the government allows it.
We see several other big countries have started to accept crypto, including the US even though we also know they are fighting mixers but at least it is good because what is being fought is only mixers, but accepting other crypto.

Few months ago China was a big market for cryptocurrency. Huge miniers are China’s citizen. Bit Suddenly China Government restricted on cryptocurrency. But i think gradually they will be positive about crypto i strongly believe it. Many chinese people already involved in cryptocurrency market and they huge invest on cryptocurrency. So i think soon China government understand it and they will take positive action on cryptocurrency.

[MrSpasybo]

Few months ago China was a big market for cryptocurrency. Huge miniers are China’s citizen. Bit Suddenly China Government restricted on cryptocurrency. But i think gradually they will be positive about crypto i strongly believe it. Many chinese people already involved in cryptocurrency market and they huge invest on cryptocurrency. So i think soon China government understand it and they will take positive action on cryptocurrency.

You might be referring to "many years ago". It's true that China used to be a major market for crypto when many projects were launched by Chinese teams, numerous exchanges operated in China, and Chinese miners dominated the Bitcoin mining hashrate. However, China's extreme policies pushed crypto out of the country, allowing the US to become the leading nation in Bitcoin mining power ^^

I fear the power of China if they officially enter the crypto market, as we all know how good they are at copying. However, I also hope that the crypto market will receive a massive influx of capital from Chinese investors, leading to strong growth and bringing significant profits to those of us who have been diligently DCA and holding throughout the crypto winter.

[Stompix]

Who said US accepts crypto?

ETF acceptance does not imply accepting crypto.
Mining permits does not imply accepting crypto.

Crypto =/= companies listing shitting tokens and crypto exchanges!
If the SEC tries to regulate banking it doesn't mean that they are against fiat, they are regulating an entity. We should really draw a line between bitcoin, centralized projects that are just altcoins, and separate entities, companies that are here just for the gains!

Bitcoin has thrived in these years in the US, and that's what should really matter, I don't see why we should take the side of things that shouldn't even exist in a true decentralized world.

[Gurujebs]

if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.

Crypto technology is different from other social tech technology. The China supreme has refused to allow its people use social media apps such as Facebook and WhatsApp and they have clone their own similar app, they have Wechat and it's even used by some countries. However, even US has rejected a phone China created like the Huawei phone.

However, if the US embrace crypto and I'm not sure they will create their own coin because the people wouldn't use it because there is nothing good about national crypto. Even he CBDC US government has created don't have any use so far.