Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[magnus2022]

When Chinese government ban crypto mining and all related activities, bitcoin slumped overnight. Not only bitcoin suffer the effect, other coins also suffer serious loss of value. Crypto enthusiasts and investors lose billions of dollars due that effect. Now, cryptocurrency has survived the effect and a lot of people have regain their trust on crypto. Not only individuals and organizations but countries. A lot of countries are giving assurances that they will not ban cryptocurrency but will regulate. That is a good sign that cryptocurrency is the currency of the future.
As it stands, it seems China have shot herself on the foot. There is possibility that the government is regretting their action and may be planning to reverse the ban. Now, my question is do you see the possibility of Chinese government reversing the ban? What is your take on this?

 

[btaliat]

I think with the look of things China doesn't have any plans on removing the ban on cryptocurrency , the ban have been existing for a very long time , I hope the situation is removed to help cryptocurrency develop

You may be right. But in much of the news that always emanates from China, there are possibilty that the country may soon allow the usage of Bitcoin within the country. This is because almost all the news that come from the country is in favour of crypto.

 

[Wisdom01]

You may be right. But in much of the news that always emanates from China, there are possibilty that the country may soon allow the usage of Bitcoin within the country. This is because almost all the news that come from the country is in favour of crypto.

Although I will check that now , because the last time I checked the news relating to the China ban on Bitcoin , they actually placed a clampdown on some mining companies in the country , this shows something like a less interest

 

[gammarays]

It's expected that Hong Kong will open its doors to crypto soon. Hong Kong is an independent province of china and an extension of the Chinese market. China will accept crypto currency when the time comes. They're already into it as they own most of these top crypto tokens.

 

[Wisdom01]

I think China would obviously one day reverse the ban , but that would happen probably if there is a change in president that loves Bitcoin Creation , because I believe it's only them that could intiate all these definitely at this moment I think

 

[fiery phoenix]

It's expected that Hong Kong will open its doors to crypto soon. Hong Kong is an independent province of china and an extension of the Chinese market. China will accept crypto currency when the time comes. They're already into it as they own most of these top crypto tokens.

Yea Hong Kong has actually opened its doors to crypto.We might actually see many Chinese xitizens moving to Hong Kong to invest in crypto.We might also see banned mining companies launching in Hong Kong soon but hopefully they will not overpopulate Hong Kong with the mining companies because that might cause power outage issues

 

[Wisdom01]

Yea Hong Kong has actually opened its doors to crypto.We might actually see many Chinese xitizens moving to Hong Kong to invest in crypto.We might also see banned mining companies launching in Hong Kong soon but hopefully they will not overpopulate Hong Kong with the mining companies because that might cause power outage issues

yes I noticed that Hong Kong have really opened it's door , I just wish many Chinese neitzen really continue to place valid interest into cryptocurrency , because they are actually the one who could raise the bar on cryptocurrency I think

 

[fiery phoenix]

yes I noticed that Hong Kong have really opened it's door , I just wish many Chinese neitzen really continue to place valid interest into cryptocurrency , because they are actually the one who could raise the bar on cryptocurrency I think

Indeed.China is a big nation with more than 1 billion people in population.So if crypto was to be adopted there we could see some immense levels being reached and the crypto market would be sustained by a lot of liquidity
The Chinese already have an excellent economy so we expect that investors from there will make crypto the biggest market in the world

 

[Wisdom01]

Indeed.China is a big nation with more than 1 billion people in population.So if crypto was to be adopted there we could see some immense levels being reached and the crypto market would be sustained by a lot of liquidity
The Chinese already have an excellent economy so we expect that investors from there will make crypto the biggest market in the world

China is really a very big nation , I think since it's actually inhabiting more amount of people , then definitely the thing is that the economy would be moved on the path of cryptocurrency development , hence the government ban

 

[gammarays]

Yea Hong Kong has actually opened its doors to crypto.We might actually see many Chinese xitizens moving to Hong Kong to invest in crypto.We might also see banned mining companies launching in Hong Kong soon but hopefully they will not overpopulate Hong Kong with the mining companies because that might cause power outage issues

The issue with miners is they don't utilize efficient energy sources. If they can invest into energy sources like solar, they won't have any issues with host countries on power and environment. Since China and Hong Kong are close, both will benefit from this.

 

[Wisdom01]

Although I believe that China would actually reverse the ban on Bitcoin and cryptocurrency , I think it might probably happen in the future , but for now there are actually more complexities and others and they don't seems to be reversing any ban

 

[Bigron]

There is currently a ban on cryptocurrencies in China, and there is no suggestion that this ban will be lifted anytime soon. It's possible that things will change in the upcoming months or years, but that would hinge on a variety of parameters, such as shifts in China's political establishment and its fiscal objectives.
O

 

[Wisdom01]

The ban on cryptocurrency have really been a big problem, I really hope the ban is actually resolved ,the ban is actually a problem to many , I really hope the ban is actually resolves , the ban is actually a big problem to many

 

[btaliat]

Although I will check that now , because the last time I checked the news relating to the China ban on Bitcoin , they actually placed a clampdown on some mining companies in the country , this shows something like a less interest

This has been relatively long. China now, just like other countries that banned crypto then, has been tilted towards crypto again. This means crypto as a project cannot be stopped by just a country no matter how powerful such a country may be

 

[Wisdom01]

Since last two years up till now they have not place reference on removing the ban ,so based on my observation it actually thus seems the ban is actually going to continue like that ,I wish the ban was going to stop

 

[Gamer01]

I too have the same feelings of belief that they will not reverse the ban anytime soon in future they have understood what is best for them and how they can make sure that their people are always saved from bad things.

 

[Wisdom01]

I too have the same feelings of belief that they will not reverse the ban anytime soon in future they have understood what is best for them and how they can make sure that their people are always saved from bad things.

Yeah same with me , I think reversing the ban for is really not their plan , because if they really is more interested in removing the ban , they would have stated , but they seems not interested in doing so after all

 

[Gamer01]

You are right they are prospering right at the moment and why they would want their prosperity to be hindered they want to keep their people away from tension and for remaining simple so that is why they have blocked many things out indeed actually .

 

[sumi81]

Due to worries about financial stability and capital flight, the Chinese government has generally been reluctant towards cryptocurrencies and blockchain technology. The embargo might be lifted in the future, though, if international laws and economic situations alter. Despite the Chinese government's stance on cryptocurrencies, the market is quickly developing and becoming more widely accepted globally. It will be interesting to see how the market reacts and changes as more nations adopt blockchain technology and create regulatory frameworks for cryptocurrencies.

 

[itkelvinagain]

The Chinese government is increasingly interested in digital currencies. In 2022, the People's Bank of China (PBoC) announced that it is developing its own digital currency, the digital yuan. This suggests that the Chinese government is open to the idea of digital currencies, and it could be willing to allow other cryptocurrencies to operate in China. The Chinese economy is slowing down. The Chinese government is looking for ways to stimulate economic growth, and cryptocurrencies could be one way to do this. Cryptocurrencies could attract foreign investment and create new jobs in China.

 

[fiery phoenix]

The global adoption of cryptocurrencies plays a key role in making China unbanning cryptocurrencies.If cryptocurrencies become more widely adopted around the world, China may feel pressure to follow suit.The regulatory environment around crypto is still very low: If other countries' experiences with crypto regulation are positive, China may be more likely to reverse its ban