China may have a loss end in it's anti crypto stand.

[Bobcrypto]

Recently, China was up again on it's anti crypto stand by making new rules on the existing policy. When other nations are considering adding Bitcoin reserve, China is still busy tightening crypto trades oversight with forex rules. I have considered this as a laughable approach because, while world economy is on the verge of entering a new level of financial growth, China is still working contrary to economic reality.
How far can China go with all these rules? You know, A tree can not form forest.
check here: https://cointelegraph.com/news/china-banks-crypto-transaction-scrutiny

[Findingnemo]

If you noticed it keenly then you can find that China is making difficult for their people to buy Bitcoin but as government China is accumulating Bitcoins for very long time and I read in a reddit post that said they have around 200K Bitcoin in their treasury which is huge in numbers right?

So we don't really know what's happening behind the curtain so don't forget to accumulate for your better future.

[Zed0X]

Funny how many of us thinks we can do better with a country's financial economy when we're not in the position to do so. You can laugh all you want about their policies but they should know what they are doing. Trump adding BTC to the US federal reserves or El Salvador doesn't mean they have advantage over other countries like China.

~ and I read in a reddit post that said they have around 200K Bitcoin in their treasury which is huge in numbers right?

The article in the OP says around 194,000 BTC accumulated through seizures linked to illegal acts.

[TomPluz]

How long will China not be enticed to reenter the world and market of cryptocurrency again and maybe dominate the market once more? To answer that: maybe as long as they still don't see the need to be a big part of it. Right now, the government of China is not yet interested to reevaluate the possibility of letting cryptocurrency come to its corridor. But maybe by the time Russia will go all-out for it, China would have no choice but to say YES. The USA under Trump will be making headways for the industry let's hope that China can feel jealousy so it would change its anti-crypto stand. China is one big single market for cryptocurrency and can be considered our biggest whale if it would soon open its door but for now this is just our wish.

[LogitechMouse]

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While their government is standing by their anti-crypto policies, there are some Chinese Bitcoin Miners out there and Chinese people using cryptocurrencies still. I guess this just shows that they can't really prevent their people to use cryptocurrencies at all.

Their allied country, Russia is using Bitcoin and cryptocurrency already while they are still standing on their stance. They can just continue to do it until they realize that they must've considered using Bitcoin a few years ago. I guess they don't want to use something that they can't control at all. I mean we know CCP as a government that wants to control all on their country. Well, they might be imposing sanctions here and there, but they might be accumulating Bitcoin in silence.

[Baofeng]

Recently, China was up again on it's anti crypto stand by making new rules on the existing policy. When other nations are considering adding Bitcoin reserve, China is still busy tightening crypto trades oversight with forex rules. I have considered this as a laughable approach because, while world economy is on the verge of entering a new level of financial growth, China is still working contrary to economic reality.
How far can China go with all these rules? You know, A tree can not form forest.
check here: https://cointelegraph.com/news/china-banks-crypto-transaction-scrutiny

They started their hard line stance on crypto in 2018 when they ban bitcoin mining and then push out crypto exchange like Binance. So yeah but now after 7-8 years their decisions might haunt them for good.

Good question, when US is now mentioning Bitcoin a possibility national bitcoin reserve, they might change their minds too. Russia has also shown interest, so if they still will not go full Bitcoin or crypto in general, they might be left out of this competition or race and it will boils down to US vs Russia again.

[Freemind]

If you noticed it keenly then you can find that China is making difficult for their people to buy Bitcoin but as government China is accumulating Bitcoins for very long time and I read in a reddit post that said they have around 200K Bitcoin in their treasury which is huge in numbers right?

So we don't really know what's happening behind the curtain so don't forget to accumulate for your better future.

The Chinese government is doing what many governments in other countries probably do, accumulate Bitcoins. It is the same old movie, for the citizens of any country, do what I tell you but don't do what I do. The United States also has a large amount of Bitcoins accumulated, Germany sold several thousand a few months ago... According to them, Bitcoin only serves to attack the dollar and carry out fraudulent transactions that go against the laws, but everyone wants to have more Bitcoins.

The best we can do is accumulate as much as we can, since after seeing these things for years what is clear is their double standards.

[hugeblack]

I think this is due to state policies, as the ruling party in China controls all political and economic life, and the degree of freedom that Bitcoin provides is not desirable in capitalist countries, let alone socialist countries. Over time, these policies will change to less strict policies, especially if Bitcoin succeeds in being neutral from political crises.

[robelneo]

Recently, China was up again on it's anti crypto stand by making new rules on the existing policy. When other nations are considering adding Bitcoin reserve, China is still busy tightening crypto trades oversight with forex rules. I have considered this as a laughable approach because, while world economy is on the verge of entering a new level of financial growth, China is still working contrary to economic reality.

check here: https://cointelegraph.com/news/china-banks-crypto-transaction-scrutiny

And yet they hold a huge amount of Bitcoin in their reserves

China has 194,000 BTC, which was worth about $18 billion at the time of writing. This makes China the second-largest country in terms of Bitcoin holdings.

This is a big contradiction in their policy; they do not practice what they preach; they do not want their citizens to trade Bitcoin, and yet they continue to accumulate. Their leaders really practice communist teaching; their leaders only have a say while their citizen have no right to accumulate

[Stompix]

Funny how many of us thinks we can do better with a country's financial economy when we're not in the position to do so. You can laugh all you want about their policies but they should know what they are doing. Trump adding BTC to the US federal reserves or El Salvador doesn't mean they have advantage over other countries like China.

You think they care about the economeis of those countries?
No, they think only about the price and China buyign Bitcoin would increase that by a huge margin, that's all.
Salvador had for 3 consecutive years the lowest economic growth in Central America, how has crypto helped them as a nation? 

[Freemind]

I think this is due to state policies, as the ruling party in China controls all political and economic life, and the degree of freedom that Bitcoin provides is not desirable in capitalist countries, let alone socialist countries. Over time, these policies will change to less strict policies, especially if Bitcoin succeeds in being neutral from political crises.

The question is not whether or not Bitcoin can be neutral in political crises. The problem is that political parties are not going to allow Bitcoin to be neutral, an example is Trump's statements, and the people to whom he has given political positions for his new stage in the White House. It's been a while since I paid attention to the news coming out of China about Bitcoin, but something tells me that although we do not see much news from the Chinese government, its leaders continue to accumulate to face a possible (or very certain) digital war while several countries try to abandon the US dollar.

[target]

It's still tried to grip it's control but they loosely tight their rules in Hong Kong. It's the only places in China where crypto can be freely be traded and adopted.

The country will always preserve where they can hold. The whole world will adopt BTC and cryptocurrency as experimented for more than a decade, but the mainland will still stand on what has been preferred since ancient times which is the gold. They have been buying gold for decades according to different news media.

[Stompix]

It's been a while since I paid attention to the news coming out of China about Bitcoin, but something tells me that although we do not see much news from the Chinese government, its leaders continue to accumulate to face a possible (or very certain) digital war while several countries try to abandon the US dollar.

Let's break a bit down this:
- China and the US might come to a full-blown digital war
- US is stockpiling Bitcoins
- China is the sole producer of ASIC machines....
- The US plans to buy 100 billion worth of Bitcoin for strategic reserves
- It would cost China at reseller price 10 billion to get 60% of the hashrate

Which one is more at risk in case of a full war? 

[MrSpasybo]

Recently, China was up again on it's anti crypto stand by making new rules on the existing policy. When other nations are considering adding Bitcoin reserve, China is still busy tightening crypto trades oversight with forex rules. I have considered this as a laughable approach because, while world economy is on the verge of entering a new level of financial growth, China is still working contrary to economic reality.

How far can China go with all these rules? You know, A tree can not form forest.

China has maintained a cautious stance on crypto for many years and without a significant reason, they will not change this viewpoint. This is because the Chinese government does not like to admit mistakes, or rather, to maintain absolute power, they are not allowed to make mistakes. I am not surprised by their recent actions in tightening BTC liquidity with foreign fiat, they are trying to accuse BTC of being linked to money laundering activities.

Perhaps the Chinese government is trying to divert public attention from the weakness and instability of the economy, and BTC is a fairly suitable choice because Satoshi will not appear just to sue the Chinese government. What's even more interesting is that China is still holding 190K BTC from criminals, they really understand the value of BTC ^^

[Z-tight]

I hope that people who believe that one day China will change their stance about BTC will forget about that, because i do not think that it will happen. China will not 'accept' BTC, though what this news is talking about is the same thing many countries are doing, which to put in one word is regulation, though some are stricter than the other.