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RE: China To Ban Cryptocurrency Exchanges Once Again - Don't Make Me Laugh!
Is it even possible to ban the exchanges? I mean that China has banned Facebook, for example. But it seems to me like everyone can get a VPN to access it. Wouldn't it be quite similar with the exchanges? The only difference is that the Chinese would start using US, EU, KR, JP and other exchanges.
An as any of the dips, a good opportunity to buy more at a discount :)
They can only ban exchanges that are physically in China by going after the people running them. Even if they did that, as you point out people could trade on non Chinese exchanges or DEXs.
That's exactly my point. How do you think things are going to end up with China?
I don't think that the bitcoin exchange situation will change - they may at some point look at taxation changes. Also I think that the ICO ruling will be refined to allow new ICOs to be legal if they follow certain rules.
And that's a good thing, isn't it?
Depends on your perspective. I don't think it is a disaster although the less regulation there is the better IMO.
Yes, depends. The ICOs is similar to investing in startups. Institutional investors know how to evaluate projects, but many-many of the people participating in the ICOs have zero idea and are there because it's hype. And therefore, they can lose money easily. I believe that there isn't the right solution, but I also believe that the people investing in the ICOs should be educated somehow.
True but people need to take some responsibility for their own actions.
Very true