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/biz/ - Business & Finance

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53143349 No.53143349 [Reply] [Original]

IT'S FUCKING OVER
>China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

>"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

>China is one of the world's largest crypto-currency markets.

>Fluctuations there often impact the global price of crypto-currencies.

>Trading crypto-currency has officially been banned in China since 2019, but has continued online through foreign exchanges.

>However, there has been a significant crackdown since late 2022.

>In October, Chinese state intuitions warned buyers they would have no protection for continuing to trade Bitcoin and other currencies online, as government officials vowed to increase pressure on the industry.

>In December, it told banks and payment platforms to stop facilitating transactions and issued bans on "mining" the currencies - the trade of using powerful computers to make new coins.

>But Thursday's announcement is the clearest indication yet that China wants to shut down crypto-currency trading in all its forms.

>The statement makes clear that those who are involved in "illegal financial activities" are committing a crime and will be prosecuted.

>And foreign websites providing such services to Chinese citizens online is also an illegal activity, it said.

>> No.53143383

ban announcement #1457

>> No.53143389

Price go.... up?

>> No.53143403

dont care.
dont live in china.
and if i did I WOULDN'T FUCKING OBEY.
fucking commie insects.

>> No.53143435

Bullish for Bitcoin

>> No.53143442

>>53143349
Again?

>> No.53143447

>>53143435
all those chink BTC miners leaching off cheap energy just got BTFO tho lol

>> No.53143459

>>53143349
Binance fucked?

>> No.53143458

>>53143349
2021 copypasta

>> No.53146167

>>53143349

Buy Tidecoin anons

DYOR Tidecoin now….. China is warning their citizen to get out of BTC now would you anons care to know why? DYOR or buy Tidecoin now and gtfo btc now.

You’ve been warned

>> No.53146185

>>53143349
fucking lol
what's next? tether fud?
we about to moon

>> No.53146720

>>53143349
for the 9th time.
also, like trying to ban the Internet.

>>53143459
no. Binance left China ages ago.

>> No.53147000

>>53146167
>Tidecoin
24hr volume is $1.00

How heavy are your bags, anon?

>> No.53147074

>china fud#12345324524532453245

>> No.53147097
File: 38 KB, 500x500, photo_2022-11-29_05-39-13.jpg [View same] [iqdb] [saucenao] [google]
53147097

>>53143349
Privacy coin bull run confirmed

>> No.53147143

>>53147000
Why do you only care about the money and not the technological impact? Maybe he doesn't care about his "bags" and is confident that Tidecoin is going to do to money what flushable wet wipes did to the toilet paper industry.

>> No.53147155

>>53143383
Imagine being a bobofaggot who thinks China will ban crypto for the 1458th time.

>> No.53147230

>>53143349
Every year they do it you fucking newfag

>> No.53147258
File: 92 KB, 739x488, 1650558695637.png [View same] [iqdb] [saucenao] [google]
53147258

Don't care
fuck chinks

>> No.53147265

>then crash eet with ze exact same China FUD
>and again

>> No.53147295
File: 2.40 MB, 1167x1692, 1668529164185911.png [View same] [iqdb] [saucenao] [google]
53147295

>>53143349
Bullish for monero?

>> No.53147384

>>53143349
china bans bitcoin again? kek.

>> No.53148940
File: 322 KB, 822x665, 1646565133408.png [View same] [iqdb] [saucenao] [google]
53148940

>>53143349
again?

>> No.53150145

>>53143349
My question to this is, why did the Chinese government pay people to create and farm bitcoins ?