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❕NEWS China Now Tracking Ips To Check If People Are Mining ...

L

LutherKing

Guest
Chinese Authority have gone long way ahead and according to a news reporter Colin Wu , the Chinese authorities are now tracking users to find any possibility of mining with features such as amerranous use of electric power and so on

It also aims to make full laws to eradicate fully ...

Thanks :-)
 
I can't phantom the rational behind the actions against cryptocurrency in China. I am beginning to see that their is more to it than the electricity consumption.
 
They are truly serious about eliminating the use of it ,I think instead of stressing themselves to track certain ip address ,they could take another step by making strict laws regarding it ,but the route that they are taking towards crypto currency is not favourable
 
China is really getting serious with the banning of cryptocurrencies. I wonder why they are doing this, yet the cryptocurrencies have proven to be so beneficial to the citizens.
 
It is an indication that all the measures will be put in place to stop the Citizens from engaging in cryptocurrency activities is not working and that is why they are going much deeper let's see how the outcome face will be.
 
They are truly serious about eliminating the use of it ,I think instead of stressing themselves to track certain ip address ,they could take another step by making strict laws regarding it ,but the route that they are taking towards crypto currency is not favourable
The ip address would not stop the users to continue trading the cryptocurrency in the area. They would use the VPN to eliminate all potential traces.
 
The ip address would not stop the users to continue trading the cryptocurrency in the area. They would use the VPN to eliminate all potential traces.
Do you know one interesting thing about technology as China is working tirelessly to prevent cryptocurrency transactions it is possible some Techi guys also working round the clock to come up with softwares that will make it very difficult for the country or the government to track transactions online.
 
The ip address would not stop the users to continue trading the cryptocurrency in the area. They would use the VPN to eliminate all potential traces.
The problem with vpn I that some exchange platform don't allow the use of it ,and they could ban your account immediately you are caught using it to login into the exchange platform
 
The problem with vpn I that some exchange platform don't allow the use of it ,and they could ban your account immediately you are caught using it to login into the exchange platform
It is not really a big challenge because the citizens won't go near such Exchange platforms to avoid being ban and loosing their funds.
 
It is not really a big challenge because the citizens won't go near such Exchange platforms to avoid being ban and loosing their funds.
Then they would find it hard to easily convert the cryptocurrency to flat currency , because many exchange platform dosent support the existence of VPN
 
They are really investing a lot of money to make sure that there will be no crypto currency activities in their country. They should atleast cut them some slack since they didn't get Bitcoin illegally.
 
The problem with vpn I that some exchange platform don't allow the use of it ,and they could ban your account immediately you are caught using it to login into the exchange platform
It's the best way to avoid unnecessary sanctions is to stop all cryptocurrency activities if it's prohibited in your country as this could make you lose your funds.
 
It's the best way to avoid unnecessary sanctions is to stop all cryptocurrency activities if it's prohibited in your country as this could make you lose your funds.
Or better still if you have a trusted friend abroad ,you could give him your account to help you continue trading ,or you leave the country I think
 
Or better still if you have a trusted friend abroad ,you could give him your account to help you continue trading ,or you leave the country I think
That's on the extreme. There are countless online investments you could engage in aside cryptocurrency. Forex is also a good way to make money online.
 
That's on the extreme. There are countless online investments you could engage in aside cryptocurrency. Forex is also a good way to make money online.
Yeah but we should also note that it is not every trader that love forex , most prefer crypto as they can hold and it's more volatile and profitable on a long term compared to forex
 
Yeah but we should also note that it is not every trader that love forex , most prefer crypto as they can hold and it's more volatile and profitable on a long term compared to forex
It's also important not to forget that the volatility of cryptocurrency makes it very risky when compared with forex. If you are well informed around forex, it's a good way to make cool money.
 
It is an indication that all the measures will be put in place to stop the Citizens from engaging in cryptocurrency activities is not working and that is why they are going much deeper let's see how the outcome face will be.
They already knew it would be difficult to get their citizens to stop mining and using cryptocurrency completely. Its possible to achieve this but this would take their country far behind.
 
It's also important not to forget that the volatility of cryptocurrency makes it very risky when compared with forex. If you are well informed around forex, it's a good way to make cool money.
Yeah it's very risky ,what is more profitable have great risk attached ,that is why before investing in cryptocurrency the person needs to have the necessary idea first
 
They already knew it would be difficult to get their citizens to stop mining and using cryptocurrency completely. Its possible to achieve this but this would take their country far behind.
I think it is even better they allow their citizens to use cryptocurrencies on their own risk instead of spending resources to ban what is difficult to ban.
 

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