coeghacked Posted May 22, 2019 #1 Posted May 22, 2019 https://twitter.com/cnLedger/status/1131004668027387904 Twitter cnLedger 1/ "It is legal to own bitcoins in China" says Sa Xiao, Council Member at Bank of China Law Research Association, cited by The Beijing News. Besides,...
Etude Posted May 22, 2019 #2 Posted May 22, 2019 What a big news this will be then since China has the world's largest population in the world! This piece of good news will definitely boost the Bitcoin market and encourage more Bitcoin investors!
barbaris Posted May 22, 2019 #3 Posted May 22, 2019 This is great news. Finally, the country that most of all extracts Bitcoin made it legal. I think this will further strengthen bitcoin.
williamshennie9 Posted May 22, 2019 #4 Posted May 22, 2019 I can almost swear that I read an article about last week saying that China banned bitcoin. This is super good news then! I am so glad more countries are opening up to bitcoin
cointikka Posted May 22, 2019 #5 Posted May 22, 2019 Good News for Chinese Citizen and great News for Crypto community around the world. This will surely bring more traction to the market. Expecting some big investment coming into the market very shortly.
coeghacked Posted May 22, 2019 Author #6 Posted May 22, 2019 as cnLedger said : 2/ Xiao also believes if one runs BTC trading as a business and has caused significant customer losses w/ serious consequences, the possibility of punishment according to criminal law (225#4 Other illegal business practices that seriously disrupt market order) cannot be ruled out Selengkapnya 3/ Context: The Beijing News reported a case which involves 100+ users who were scammed of 7000+ BTC. The scammer claimed they would borrow users' BTC to arbitrage between exchanges and distribute profits back to users. However scammer disappeared after users' last large deposit 4/ Xiao's views were based on current legal framework which protects ppl's rights of virtual properties (Bitcoin included). Occasional P2P tradings of bitcoin is in nature "disposition right", one of the rights of "ownership". Therefore owning & occasional P2P trading is legal source:
jkd123 Posted May 22, 2019 #7 Posted May 22, 2019 1 hour ago, williamshennie9 said: I can almost swear that I read an article about last week saying that China banned bitcoin. This is super good news then! I am so glad more countries are opening up to bitcoin Yeah, I saw articles about that. Not just last week. there is some in last few months. And last year there is many article talkin about china banned bitcoin. This one is good, hope this is real.
Etude Posted May 22, 2019 #9 Posted May 22, 2019 7 hours ago, coeghacked said: Haha the picture above really does illustrate how Bitcoin has been in China indeed, a rollercoaster of potentially being banned then again legal now.
coeghacked Posted May 22, 2019 Author #10 Posted May 22, 2019 baidu ranked in china ranking list Hottest searching and Hottest keywords : Source : Baidu And cnLedger Twitter
bmg Posted May 22, 2019 #11 Posted May 22, 2019 I think that it will really boost the demand for bitcoin. It should be interesting to see how this unfolds in the coming months on the market. Like Etude said China has the biggest population so thats a lot of bitcoin to toss around.
mokyo Posted May 22, 2019 #12 Posted May 22, 2019 This is new to me, i remember i read an article how financial institutions are alarmed in china because the cryptos. but what the hell, cryptos are convient to use and more manageable.
Eben Posted May 25, 2019 #13 Posted May 25, 2019 On 5/22/2019 at 2:18 PM, coeghacked said: https://twitter.com/cnLedger/status/1131004668027387904 Twitter cnLedger 1/ "It is legal to own bitcoins in China" says Sa Xiao, Council Member at Bank of China Law Research Association, cited by The Beijing News. Besides,... Only Bitcoin or all cryptocurrencies? What is the reasons for them to change their mind?
coeghacked Posted May 28, 2019 Author #14 Posted May 28, 2019 China Releases New Crypto Rankings China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. source : https://news.bitcoin.com/china-releases-new-crypto-rankings/
TemporaryRed Posted June 1, 2019 #15 Posted June 1, 2019 WoW thats big... Highest population , Biggest economy in near future ... actually looking to increase its influence by trade and not military, great for now
Kate Posted June 2, 2019 #16 Posted June 2, 2019 Well there is no difference because there are a lot of ways that you can buy bitcoin even if china had banned it at first.
artizykristy Posted June 2, 2019 #17 Posted June 2, 2019 maybe because China wants to make its own crypto currency? and this is the first step to legalize bitcoin
coeghacked Posted June 4, 2019 Author #18 Posted June 4, 2019 there you go more source interesting https://cryptoslate.com/owning-bitcoin-legal-china/ https://www.fxstreet.com/cryptocurrencies/news/china-legalizes-holding-bitcoins-and-p2p-otc-trading-201905280445 https://www.forbes.com/sites/panosmourdoukoutas/2018/05/31/china-is-warming-up-to-bitcoin-again/#5700093478c9 Latest Bitcoin case in China: 61 years old grandma stole $1300 worth of electricity just to mine ~$940 worth of BTC, got sentenced 4 months jail time. Bitcoin profit was turned over to the state treasury. source : https://www.thepaper.cn/newsDetail_forward_3515456
sdsdfbsfsd Posted June 4, 2019 #19 Posted June 4, 2019 haha probably wont be long till they ban it again to be fair as they are very divided other there on this current issue :)but there are always vpn,s and other ways to trade to bypass it
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