China Soon Out of Cryptoland
China will soon be in another vortex zone out of the cryptoland.
The agenda of the government is the following:
- No more payment channels in cryptocurrency.
- Block access to Chinese citizens to external crypto sites.
- Cease crypto mining operations in the country.
The complete story:
Source: https://www.financemagnates.com/cryptocurrency/news/clock-ticking-cryptos-china-central-bank-spells-latest-crackdown/
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Check out my previous posts on my crypto blog
- Sola.ai review – The Paradise of Pictures and get Paid for It - https://chesatochi.com/sola-ai-review/
- Cryptocurrency: Complete Bitcoin, Ethereum, Altcoins! Review - https://chesatochi.com/cryptocurrency-complete-bitcoin-ethereum-altcoins-review/
- Pre ICO – The Strategy to Receive more Candies and Gifts - https://chesatochi.com/pre-ico-strategy-receive-candies-gifts/
- Crypto InterExchange Fee – A Nice Trick to Reduce the Cost - https://chesatochi.com/how-reduce-crypto-interexchange-fee/
- Activity on the Blockchain – The True Value Under the Hood - https://chesatochi.com/activity-on-the-blockchain-true-value-behind-hood/
- Crypto Market Cap – It is not the Only Indicator at your Disposal - https://chesatochi.com/crypto-market-cap-indicator-disposal/
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A big loss for the Cinese people and a desperate attempt by the government to stop the outflow of currency which has been pouring out of the country by every possible avenue.
China should have taken the example of Japan.
Every government should look at Japan and Switzerland for a more inteligent approach.
Bad news
The country is actually missing some great revolution of the 21st century
I am sad for the Chinese citizens.
What will happen to Neo then ? I assume it is the Chinese ethereum.
I heard NEO has moved to an independent zone of China or somewhere else in Asia, I am not quite sure.
I will have to read about it before putting my money in Neo. Good that I read this post. Was gonna invest heavily in Neo.
On my Steemit newsfeed: https://steemit.com/ethereum/@boxmining/neo-founder-blockchain-in-china-da-hong-fei
What do you think about is it beneficial for your country or not?
This will have no impact where I am, and for the rest of the world. When you live with a totalitarian government that what happens and the population cannot say anything about it.
Thats true. Thanks for your comment.
wow!amazing crypto land..i like it,,i appreciate this post,,best of luck.
Wow..Wonderful china cyptoland ..Really outstanding photo..Thanks dear sharing wonderful photo..I always see your photo..
Thanks a lot for your valuable post sharing........ i like this post. i want your next post sharing us .... all the best my dear friend