China is likely to reverse cryptocurrency ban soon.

Magnus2022

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• Apr 7, 2023

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China ban on cryptocurrency have actually cause a lot of damages to crypto investors and lovers . Since the ban, cryptocurrency especially bitcoin have not recovered from the devastating policy. A lot of investors lose millions of dollars.
The ban have equally displace china from the benefits of cryptocurrency especially in area of influx of foreign investors and foreign exchange.
According to a report that Chinese government is about to reverse the ban and modify the status of cryptocurrency. Not only that, the government is work out modalities to welcome back the cryptocurrency.

 

IB D

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• Apr 7, 2023

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When China has reversed this policy on cryptocurrency, the crypto market would experience a sudden boost that would make it rise sharply in few months.

 

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Clandestine

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• Sep 13, 2024

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The China that I know would never reverse the ban on crypto. It can happen very much later but not sooner.

 

eldavis

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• Sep 14, 2024

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I am pretty sure there are people in China who are till dealing with crypto currency through one back door or the other. If they do reverse the ban, maybe some other countries might follow suit.

 

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Fidelia

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• Sep 14, 2024

• #5

eldavis said:

I am pretty sure there are people in China who are till dealing with crypto currency through one back door or the other. If they do reverse the ban, maybe some other countries might follow suit.

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They even have one of the highest numbers of people that have crypto according to latest stats. No one can fight crypto.

 

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King Belieal

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• Sep 14, 2024

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I just know that China would not lift the ban on crypto very soon. But it is not even working.

 

gwolf666

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• Sep 14, 2024

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Magnus2022 said:

China ban on cryptocurrency have actually cause a lot of damages to crypto investors and lovers . Since the ban, cryptocurrency especially bitcoin have not recovered from the devastating policy. A lot of investors lose millions of dollars.
The ban have equally displace china from the benefits of cryptocurrency especially in area of influx of foreign investors and foreign exchange.
According to a report that Chinese government is about to reverse the ban and modify the status of cryptocurrency. Not only that, the government is work out modalities to welcome back the cryptocurrency.

Click to expand...

The ban on cryptocurrency in China certainly had a significant impact, especially on investors who suffered financial losses, with Bitcoin and other cryptocurrencies struggling to recover. China's absence from the crypto scene also meant missing out on potential foreign investment and foreign exchange opportunities. However, there are reports suggesting that the Chinese government may reconsider its stance, potentially revising the ban and developing a framework to reintroduce cryptocurrency in the country. This could signal a more favorable future for crypto investors in China.

 

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Ratine

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• Sep 15, 2024

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That would be a very positive approach yo the cryptocurrency enthusiants in that country and the whole world at large.

 

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Etini Willie

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• Sep 23, 2024

• #9

The Chinese government would never consider to turn around crypto ban. They might just ignore crypto people but suspending the ban is impossible.

 

Shavkat

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• Sep 24, 2024

• #10

I am not sure about this. China does not want to be intrude my other countries. Perhaps they can even create their own cryptocurrency.

 

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Ratine

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• Sep 29, 2024

• #11

I think they do that because cryptocurrency adoption is very high nowadays in the world wide.

 

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Kosi G

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• Sep 30, 2024

• #12

China would not go back on the crypto ban. But it would be passive about the fundamentals of the law.