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I would take this with a huge grain of salt. This appears to be a rehashing of news from last week that China planed to ban trading of ICO tokens. The news wa
by pmorici 9y ago
I would take this with a huge grain of salt. This appears to be a rehashing of news from last week that China planed to ban trading of ICO tokens. The news was thinly sourced and it seems like people misconstrued the rumored ICO ban to mean a general crypto-currency trading ban.
Historically there have been more stories like this than I can count where some random source claims the PBOC is going to "ban Bitcoin" and it has always proven to be false. The worst that has happened is the tightening of regulations on Bitcoin exchange providers. There is even a common meme that has been going around for years.[0]
[0] https://www.youtube.com/watch?v=Ry6PpRXk0dQ https://www.youtube.com/watch?v=Ry6PpRXk0dQ
- lookbeforeleap 9y agoYeah, this is another piece of fake news..no exchanges in China are closed now. FUD, FUD. Just another round of pumping..
- modeless 9y ago> some random source Sorry, Caixin and WSJ and Bloomberg are not "some random source". I know "China bans Bitcoin" has been a joke meme in the community for years, but this time it's the real deal.
- deleted 9y ago[deleted]
- pmorici 9y agoPretty sure this is just a reprint of the same rumors reported in Caixin last week.