China Is Probably going to Ban Bitcoin trading. Reason why inside (Charlie Lee). Invest into Decentralised exchanges Asap. Yunbi Being Shut down in Three Months.
Just as the fud over China banning bitcoin trading has just about blown over, More people are starting to believe that China will ban Bitcoin trading very soon. Many people think this because even though there has been an absolute storm of rumours that haven't been confirmed, the Chinese Government hasn't come out to debunk the rumour leading people to think that Bitcoin trading is going to be banned in china.
Also the founder of Litecoin, has come out on twitter saying that he is very sure that China will ban As he says in a tweet. He said that he talked to an insider, in china that knows about what is going to happen, and is almost 100% sure that the Chinese Government will follow through and ban the trading of Bitcoin very soon.
https://twitter.com/SatoshiLite/status/907664619279343616
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There have also been rumours that the Chinese Exchange Yunbi will be Shutdown, due to the banning of bitcoin trading in China, and it is rumoured to be shutting down in 3 months time.
Ok, Now that you know all of this there is way that the Chinese people can trade Bitcoin, easily,anonymously and with low fees. Decentralised exchanges. Decentralised exchanges such as Kyber and 0x will flourish if China does ban Bitcoin. The people of China will find a way to trade Bitcoin with no risk and with almost 0 chance of getting caught thanks to decentralised exchanges. That's why I encourage you to invest into platforms such as Kyber and 0x, because expect a launch in the value of those tokens if this actually happens and expect big returns.
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Looks difficult to even buy kyber.
I agree, What a huge hassle. But at least we can buy it after the Ico ends, I might scoop up a few.
True. They have a great idea for sure.
If just the altcoins dont' follow the BTC I would be happy, but that isn't gonna happen...
I don't think it's realistic for the government to ban bitcoin trading, unless they hit a kill-switch on the Internet.
There are all kinds of ways around government manipulation of ISP including anonymous browsing, which is fairly simple to use.
Unless you want to keep your population in the Dark Ages, I don't see the point...
Interesting! But i came across other news that states the opposite: Exchanges won't be shut down, but rather under supervision. It's here: https://steemit.com/cryptocurrency/@pandorasbox/news-from-china-chinese-cryptocurrency-exchanges-wil-not-be-banned-but-under-increased-supervision-pobc-official-says-blockchain
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Interesting. The tweet seems to have been deleted - I couldn't access it anyways. I've read many opposing opinions, personally I don't believe china will ban Bitcoin outright; I do expect more govt regulation - but china is a major player in this market so it would not serve them to shut it down. IMHO