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[Razor1911]

The world has got divided into two lobbies. One which is accepting Bitcoin including all other crypto coins, normally by legalizing it is a legal tender. The other lobby is trying to ban the influence of Bitcoin. It has become the battle of these two lobbies.

El Salvador recently passed a bill in parliament where they approved Bitcoin as legal tender. El Salvador is the first sovereign country to accept it. In other hand China, which is trying to ban crypto market from starting of it, has now accelerated their actions.

 

[LutherKing]

So that's a good point , we are going to see a tussle and the one that has more influence will put the substantial results on the actual results sheets soon

 

[microunit]

I think China is just banning it in their country so it doesn't really affect other countries as China is trying to promote its own digital currency to its citizens

 

[CyberPreNurse]

I think China is just banning it in their country so it doesn't really affect other countries as China is trying to promote its own digital currency to its citizens

That is the main reason seriously as I do not think they have any valid reason for their deciding to ban crypto currency activities in their country. They like being at the helm of affairs in everything.

 

[microunit]

That is the main reason seriously as I do not think they have any valid reason for their deciding to ban crypto currency activities in their country. They like being at the helm of affairs in everything.

Yep , cause in the first place china already contributes alot in the cryptocurrency or bitcoin network do to its miners there , and they're like a mining powerhouse

 

[Brain]

With the reality of things on ground this report is real. China is doing that it will take them to ban Bitcoin while on the other hsnds El Salvador is depending heavily on Bitcoin

 

[Wisdom01]

I really do hope China later regret their decision on banning the use of it ,after seeing the massive support and improvement of the coin despite the ban

 

[Brain]

I really do hope China later regret their decision on banning the use of it ,after seeing the massive support and improvement of the coin despite the ban

They will regret this trust me. I think they are acting out now on misinformation but when they realize their mistakes and on how far they would have gone they will make a big u-turn I believe.

 

[BullyMaguire]

All works for the best.. china has banned Cryptocurrency and the market crashed now it recovers and stronger. El Salvador is also successful as of now in terms of their adoption

 

[Balint098]

You forgot the third part - the countries that cautiously monitoring crypto without accepting nor outright banning them. My country is one of them.

 

[Wisdom01]

They will regret this trust me. I think they are acting out now on misinformation but when they realize their mistakes and on how far they would have gone they will make a big u-turn I believe.

It should not be too late before they make a uturn , because now that they have sent a lot of mining companies that have potential of fetching them more revenue , I wonder how they would do it again

 

[Brain]

It should not be too late before they make a uturn , because now that they have sent a lot of mining companies that have potential of fetching them more revenue , I wonder how they would do it again

Well, let be hopeful for them that they realizes in that to get all the benefits that would have helped to boost their economy. For the miners they will just need to recall them and it's done.

 

[Wisdom01]

Well, let be hopeful for them that they realizes in that to get all the benefits that would have helped to boost their economy. For the miners they will just need to recall them and it's done.

Most might not actually want to go back ,since the countries they moved to have provide convenience for them and China laws aren't stable

 

[Brain]

Most might not actually want to go back ,since the countries they moved to have provide convenience for them and China laws aren't stable

Okay then I think judging by the behavior of people when they are at a convenience place you might just be right. We all detest any uncomfortable situation

 

[SCAMEXPOSER]

China is currently loosing from their decision because they thoughts their back out from cryptocurrency we crack it down but on the contrary the ecosystem is growing and El Salvador has made significant gains from adoption of cryptocurrency or bitcoin rather.

 

[07Trinity]

The world has got divided into two lobbies. One which is accepting Bitcoin including all other crypto coins, normally by legalizing it is a legal tender. The other lobby is trying to ban the influence of Bitcoin. It has become the battle of these two lobbies.

El Salvador recently passed a bill in parliament where they approved Bitcoin as legal tender. El Salvador is the first sovereign country to accept it. In other hand China, which is trying to ban crypto market from starting of it, has now accelerated their actions.

It's easy to make a choice, almost every body will stand with El Salvador,I don't know what China stand to loose if they don't incorporate cryptocurrency in their country.

 

[Wisdom01]

It's easy to make a choice, almost every body will stand with El Salvador,I don't know what China stand to loose if they don't incorporate cryptocurrency in their country.

They are actually thinking they can't control the people again ,since money and power is the tool they use ,and again China run a communist state

 

[07Trinity]

They are actually thinking they can't control the people again ,since money and power is the tool they use ,and again China run a communist state

If you remember how China silence Jack Ma you will know that they are extreme communist,they see cryptocurrency as a rival and a legal tender that can give it's citizen certain leverage.

 

[Wisdom01]

If you remember how China silence Jack Ma you will know that they are extreme communist,they see cryptocurrency as a rival and a legal tender that can give it's citizen certain leverage.

Yeah they are communist ,they don't like any form of decentralized level attached to the coin ,they prefer the government to do everything thing

 

[07Trinity]

Yeah they are communist ,they don't like any form of decentralized level attached to the coin ,they prefer the government to do everything thing

Well,we can just count them as one less country,there is nothing anybody can do about it,it's left for them to restrategise or look for plan B to cover up.