Binance in Malta. China Fights to Control Crypto
Binance is expanding to Europe, while trying to minimize it's risks for entering the Eurozone. Malta, a small island nation in the Mediterranean, has been chosen for it's small republic government. It has been deemed "pro-blockchain" and the government is excited about the prospects of Binance operations within their borders.
Chinese government officials continue to struggle in the battle to contain freedom of currency in China. The country is blooming with new users and innovators, and it is proving to be larger than the regulators can handle.
This new realization is sparking fears of further government tyranny in the new innovative sector.
Happy Investing C# HODLCREW
http://connorkenny.com
https://youtube.com/c/ConnorKenny
https://twitter.com/ConnorLKenny
Find me on steem platforms, @investing
https://steemit.com/@investing
5 steem giveaways! Sub and comment on YouTube vid to win with your steem handle/name.
▶️ DTube
▶️ IPFS
Of course, why would China leave the possibility of making money to others. In the Book "Why we want You to become rich" by Robert Kiyosaki and Donald J.Trump, at that time they write about constant growth of China and India...They are doing so many investments through out Europe, in my country in Serbia they have major freeways investments. They are 2 billion...and nobody to survive...Why would they live that piece of cake to somebody...? But they are also playing like French free ladies. We say in our language: "The do a little bit on this chair and a little bit on that chair". Anyway, they are super force, and lowered down the prices of all major products, mean their production price...
Actually it is possible that they want to encourage European citizens to use Binance a lot more.Great move in my opinion.Also Malta is known as a tax paradise.So it is a win-win move
I've heard this morning about Binance.
That was a very good news and they reacted very fast!
It's amazing watching the BNB rally in the minds of a raging crypto bear market. I think even die-hard bitcoin maximalists are putting their coins into BNB at this point.
What the hell is wrong with China. Why can't they get along. No matter what they do, crypto is the future and it will find a way
What you should ask is "what is wrong with governments" you think only Chineese dickheads are trying to supress the masses? nhenhenhe... :)
Guys I'm just trying to be realistic here.If the financial system was threatened they could easily buy up all the current crypto currencies in the world and hold it. Or even worse, with the amount of money central banks possess they could play Pump and dump game all the time up to the point where cryptocurrencies will not be attractive to Ordinary People anymore. The whole market cap of 160 billion or something is nothing when compared to 750 trillion global economy. I am sure that the whole blockchain technology is build not to disrupt the financial system but to make it transitional step from the current debt economy by some government. Anybody who has some brains knows that current economy model is doomed to a default, and let's only hope that the transition will happen smoothly.
If they try to buy it all the price would go to unbelievable levels. Also if they gain control of a crypto, we can go elsewhere to one they don't control.
I am telling you this @investing guy knows his shit. We have so many Crypto's to play with we could always move around......
They can only buy it if people agree to sell. And as @investing said, that would only happen if the price soars.
I've watched your 9min video on youtube and I've also subscribed to your Chanel.
My observation here is that Chinese government do always band what they are afraid of. It's a pity to the citizens that the chinese government isn't giving them their liberty to make choices on what they wanna do.
About the prices of cryptocurencies in the market going way down. I've always been asking myself the same question you asked in the videos you posted on you tube.
"when is it gonna rise again?"
I really don't understand what affect these prices I'm totally a crypto novice and I wish I had the answers.
The prices of these currencies scares me to invest much but if I have the guarantee that I'm not gonna regret or loose badly then I'll invest more.
Right now all I need is answers
No body of the Chinese government has issued an official statement to the effect that cryptocurrency exchanges in China are to be closed. It is a rumor. I wouldn't put it past some Chinese officials starting rumors like this in order to cause the prices of cryptocurrencies to dip in order to buy them and sell for profit after an official statement is issued to the effect that no actions will be taken.
Well I would say this is a very good news coz its an indication that the news of crypto is really spreading far and beyond.
And as for China, this is already a lost course for them. They can't success no matter how hard they try to fight and difficult they may seem. They will soon and very soon come to the reality that crypto is unstoppable .