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I remember reading on HN someone saying that China had banned trading and mining of crypto. Is that true? With a lot of crypto activity happening in China, wo
by Jonnax 5y ago
I remember reading on HN someone saying that China had banned trading and mining of crypto.
Is that true?
With a lot of crypto activity happening in China, would a crackdown there cause a fall in the market?
- angio 5y agoConsidering lots of miners are from China, no what you've read is not completely true. What's true is that Chinese users have no easy/legal way to convert between crypto and fiat (other than mining, that is).
- deleted 5y ago[deleted]
- adhoc32 5y agoAh yes, China banning Bitcoin. This rumor has been circulating since 2013.
- varispeed 5y agoJust like China banned drugs, they even have death penalty, yet they probably export more drugs than any other country.
- Havoc 5y agoThey banned coins with ICO type mechanisms since they had issues with scammy ICOs. Certainly not banned outright though. Parts of Chinese gov have actively invested cash into ICO-less projects Blockchain in general is also on their five year plan - though at a regional level not the national five year plan
- singularity2001 5y agoone district did ban crypto: Inner Mongolia