Gg its over

gg its over

They blocked foreign exchanges so this actually means they gonna form a Korea tier bubble and their own isolated ecosystem that burgers and eurocucks will have difficulty touching

So? They can still buy coins on their own exchanges.

Oh no they’re blocking FOREIGN crypto sites, not their own

Like binance
And fatBTC

FUD harder

they are banning everything even their own exchange

China will reportedly block anyone in the country from accessing websites that offer cryptocurrency trading services or initial coin offerings (ICOs). Advertisements relating to Bitcoin and other virtual currencies have also been scrubbed from search engines and social media in the country.

The authorities in China have already banned ICOs and shut down domestic exchanges, but that didn’t solve the issue of people accessing foreign services within the country.

Wrong. They explicitly said they are not doing this. The Chinese government is taking control of the exchanges.

Now, according to local media, China will block access to domestic and foreign services “to prevent financial risk.” China has a long tradition of blocking unwanted foreign websites using the so-called Great Firewall of China.

They shut down domestic exchanges back in 2017. They are now shutting down access to foreign exchanges.

The likely reason is that they are going to open their own crypto exchange, probably within the next month or two.

>The likely reason is that they are going to open their own crypto exchange

yeah keep dreaming

They're doing this because of North Korea.

They already stated they are creating their own digital currency. China wants a slice of the pie but they also want capital control and visibility. They are going to do what they do with literally every industry and either create a state-sponsored version of something or give preferential treatment to one outside company to create it.

You are insane if you don't think they aren't going to make bank off it considering how many projects they have going that leverage both blockchain and crypto currencies.

do you think they can ban every crypto and make their own only which cant be traded because they fucking banned everything else?

Venezuela will do that and they're both commies.

Brilliant geopolitical analysis lots of arguments and stuff

This is a good point. Maybe he means that they banned everything so they can catch up.

What's the point of cryptocurrency when there's Alipay and almost everyone uses it?

if they really planned to make their own crypto they should have opened the market, not other way around. you might argue they will after but its just huge bullshit

No it's true, they're making their own coin

just gone 299Billin marketcap

so how do Changs get their money into the market now? through Hong Kong?

then this "crypto" has nothing to do with real crypto. it wont be something you can trade on binance

Crypto is dead why can no one accept this? Wars and hundreds of millions of people have been killed over who controls the flow of money, did you really think some nerds where going to revolutionize anything other than technology that keeps masses at bay?

That crypto is "real" crypto. The crypto people currently trade now is not real crypto. The blockchain is a distributed data structure and thats it. You don't necessarily have to have people buy the blocks and have the blocks backed by money. It sounds like you don't fundamentally understand blockchain technology

thanks
what i was trying to say is they will just make a virtual currency to use within the country something like tether idk. not something so volatile like btc