Exchanges were already banned a while back.
Its literally just a restatement of their 2017 pronouncement with no changes. Its being hyped as "new" but its not.
Banning exchanges and banning use are two different things.
China declares cryptocurrency deals ‘illegal’
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Re: China declares cryptocurrency deals ‘illegal’
#12Re: China declares cryptocurrency deals ‘illegal’
#13Earlier quoted context omitted.
Its literally just a restatement of their 2017 pronouncement with no changes. Its being hyped as "new" but its not.
Banning exchanges and banning use are two different things.
Financial institutions cant deal with it, no exchanges, no ICO's. They shut all the doors a while back. How do you use or own something when all legal avenues are closed unless you just do it illegally which is probably what some are doing.
Re: China declares cryptocurrency deals ‘illegal’
#14I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable.
Crypto as a tech to serve something different is totally fine of course.
Re: China declares cryptocurrency deals ‘illegal’
#15deja vu!
Re: China declares cryptocurrency deals ‘illegal’
#16I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
So you'd rather a system where TPTB get to fudge the books as they see fit, impose taxes via intentional inflation, and keep tabs on your every transaction? Interesting.
Re: China declares cryptocurrency deals ‘illegal’
#17I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Europe is currently facing electricity and chip shortages. Banning crypto in the EU would be an acceptable measure for addressing that.
Re: China declares cryptocurrency deals ‘illegal’
#18I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
So don't use it duh
Re: China declares cryptocurrency deals ‘illegal’
#19Again
And in two months :again!
Re: China declares cryptocurrency deals ‘illegal’
#20I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Please educate yourself harder before making these ignorant statements, unless you have a motive behind