China Banned Crypto

[Nobert]

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

https://www.reuters.com/technology/...es-barred-cryptocurrency-business-2021-05-18/

 

[Trader Curt]

LOL, China is still trying. They did this in 2017 and 2013. Each time they did it the markets plummeted and then rose back up to the same levels they were before. It's almost like they legalized it without telling anyone after each time they banned it. Nice try China! We'll see you again soon!

 

[Daal]

https://twitter.com/x/status/1394661559033602049

 

[easymon1]

Better fact check Reuters with a bona fide expert: Snopes.

 

[Tavurth]

The market doesn't dump because of news, the news comes out because of the drop.

 

[Nobert]

https://twitter.com/x/status/1394661559033602049

Chinese write the same.

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LOL, China is still trying. They did this in 2017 and 2013. Each time they did it the markets plummeted and then rose back up to the same levels they were before. It's almost like they legalized it without telling anyone after each time they banned it. Nice try China! We'll see you again soon!

Those are valid points.

 

[TrailerParkTed]

View attachment 259212

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

https://www.reuters.com/technology/...es-barred-cryptocurrency-business-2021-05-18/

Elon made a diamond hand emoji after crashing them! He’s a troll! Dogecoin hit $.18 screwing his followers. ETH $1700 and Bitcoin tanked to a low. Musk is a jerk! I don’t own any but feel bad for newbies.

 

[Pekelo]

it is good for Bitcoin. Discount Wednesday...

 

[Nobert]

Elon made a diamond hand emoji after crashing them! He’s a troll!

That's very true, - just one thing first :

The fate of those fools, that will loose monies on doge/anything else, is inevitable, one way or another.

 

[AR15]

Elon made a diamond hand emoji after crashing them! He’s a troll! Dogecoin hit $.18 screwing his followers. ETH $1700 and Bitcoin tanked to a low. Musk is a jerk! I don’t own any but feel bad for newbies.

Elon didn’t hold a gun to anybody’s head and tel them to buy a meme coin. Or ETH, or BTC. Also dogecoin was a fraction of a cent a couple weeks ago so it falling to .18 only fucked the guys that bought at the top - that’s their own doing