NUCLEAR HAPPENING

Amusing since they had a huge bitcoin mining operation going on for years. I'm guessing it will be illegal for the average citizen to use domestically. But the CCP will still be able to use bitcoin for foreign purchases

Thanks for selecting the whole text anon. I get confused otherwise.

Hoe many times can China ban crypto?

Just wait till they hack bitcoin lol. Trusting some chink named Satoshi is going to be the biggest rugpull in history.

Why, so they can buy more for cheaper? Are you retarded? Do you understand how finite resources work? Gold isn't like oil, you can't get it out of the ground that fast.

lol, gov could just ban banks from exchanging crypto to fiat and the price would plummet to nothing

You're a memeflag FBI nigger.

How haven't you guys realised this is a national pump n dump scheme? They unban it at the bottom then ban it when they think the top is in

you can't. gold is still the best conductor.
there won't be laptop, smartphones, or other electronic if you stop mining gold.

gold is the best conductor

wrong

HEY IM BONK-ING HERE

What is the best conductor?

Silver is the most conductive, gold is the most ductile

graphene bros we win
diamond hands

This the 9th or 12th time they've announced something like this to force a dip? Nice try, Wang.

They have never banned bitcoin from the average person, for fucks sake Binance is chinese. They just put out statements like this every now and then so whitoids freak and dump their holdings so chinoids can scoop cheapies. This is genuinely like the tenth fucking time they have done it.

China banning crypto was a constant meme back in 2017. This is like a blast from the past, lmao.

And about 500k tradesmen out of work overnight.

Not for long if china pulls out

based china
crypto pyramid scheme shills deserve the rope

Xi is a seething nocoiner

The guy who made Binance is Chinese and a Canadian citizen but the company is now based in Malta.

we got a real braggart here
nothing circled, no arrows pointing
useless thread, no idea what's going on

sharp dip

literally 105$ thousand united states dollarinos

yeah...no

they really suck at banning crypto if they have to ban it like 10 times

You can't tell that he highlighted the text like a retard?

a new bitcoin killer appeared

it's like with wow killer games atm wow is still numba one mmo

This probably has something to do with what's currently going on with the banks in china. Some of them have already been set on fire.

What a faggot currency. Post in CAN so everyone else can decipher bitcoins true value

Every government is making their own crypto now. The Federal Reserve has one after shitting on bitcoin for nearly two decades. They can’t control it so they are going to make their own and ban bitcoin.

again?

They'll probably try to track any transfers into crypto wallets, ban any apps/banks that facilitates it and shut down bitcoin sites on the chinese internet

Very smart of them. It's a ponzi scam, but it's mostly owned by Americans. It's damaging to America, but at least the money just stays in America. It would be much more damaging to Chinese, because they would be buying American bags.
It's in interest of China to propagate ponzi scams in America while banning them in China.

I thought crypto was government-free?

lmao

Does banning it mean the government seizes chinese peoples current wallets?

That sounds very onbrand for china

giving monetary value to a bunch of 1's and 0's

Every government is making their own crypto now.

It's free money from gullible retards.

Again? Ccp flip flop worse than Trump. Fucken bug people.

Damn, this takes me closer to becoming a chinabot.

Death to the shit coin

Making it contraband means they can seize it off you.

That is not possible. America has been trying for years and fails every single time. China is way better than America, but when it comes to this they are equals. Equally unable to do anything.

They've done this multiple times already in the past.
It's called market manipulation

And then they go gold standard and rape America because the way reserve currencies work is based on the illusion of accumulated commodities backing it.

Based gooks Crypto is the biggest open Ponzi scheme

Banking the 3rd world already with Tether and there's nothing Reds in Beijing can do to counter with their Belt & Road foiled bullshit

Not all dollars are built the same, and the onshore SOFR one ain't going nofuckignwhere.

Blackrock is also withdrawing. Something is up.

crypto pyramid scheme shills deserve the rope

Boy are you gonna be mad for the next few years.

China bans the CIA's pet project rugpulling scheme

not surprising

No. That would be the housing market.
They've done this about ten times.

Based China protecting their citizens from scams

incredibly based
proud of you china

First China ban crypto of this cycle. We had 2-3 last cycle so it won’t be the last.

Bitcoin is the realm of 3rd worlders and brown people

china trying to ban crypto seems to be one of the main fundamentals that crypto has

the chinese government just wants to grab all their citizens crypto
It was a flawed idea with a flawed implementation from the start and it became monopolised by governments because they were the only ones with enough money and access to hardware to mine it

As of December 13, 2024, the Chinese government holds 194,000 bitcoins, which is valued at approximately $20.745 billion as of that date.

This information is based on reports and news sources, but it's important to note that the exact amount of bitcoin mined by the Chinese government may not be publicly disclosed or verified.

In addition, over 300,000 BTC have been withdrawn from the exchanges since the beginning of the year. Someone is reducing the volume of directly traded BTC. Which is probably an attempt to pump the price.

company is now based in Malta

do you think that actually means anything?
they probably moved there due to regulations and bullshit
doesn't mean its a maltese company now, its still chinese

They should just decentralize their banks.