In a Q&A posted to its website, the People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.In this photo illustration, the Bitcoin logo is seen on a mobile device with People's Republic of China flag in the background. China's central bank renewed its tough talk onFriday, calling all digital currency activities illegal and vowing to crack down on the market.
In a Q&A posted to its website, the People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said. "Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity," the PBOC said, according to a CNBC translation of the comments.
"Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the bank added, reiterating
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It’s just a scam Even if you make money on bitcoin they steal it from you
lol who cares
really this again ?
😂 who’s arsed? Not me!
As usual cnbc is spreading a FUD based on thin air
The Chinese government has the worst thoughts. These people must be incredibly troubled deep down.
Breaking, China is not a democracy.
If this trend will continue, China is likely to enter a phase of economic crisis.
They say this every year
China has banned crypto or the 31 times.
Im actually glad China is out of crypto picture. And hopefully they crack down so no one there can own. I see nothing but more stability and reliability in crypto without them. And theyll be left in the dust. China government (not the people) sucks…and hope their economy tanks.
Oh no what the f are we gonna do now?
THIS NEWS WAS FORM 3 WEEKS AGO..... THE YEARLY CHINA FUD TO CRASH THE MARKET SO CERTAIN PEOPLE CAN BUY UP CHEAPER; WHILE SCARING THE NEWBIES TO SELL OR NOT EVEN GET IN THE MARKET... YOUR GAMES ARE WORKING LESS EVERYDAY AS PEOPLE ARE WAKING UP!
For the 50th time.
LOL China is a JOKE
China Bans Water in the Océan
why are you repeating this bullshit story from Bloomberg it's been defunct already - you can see last official talk about btc is in June 21
Done kk
Its so funny how many times China has to ban Bitcoin
It will be very interesting to see if China can pull this off or if we have another Nigeria on our hands. If they fail mega bullish if they succeed slightly bearish.
Very bullish for crypto
How many times can you ban something. What else can they do after this to cause fud? Jesus
What harsh crackdown? Those knuckle heads have been banning it for ages now and the Chinese have been owning bitcoin notwithstanding their high handedness! China is a classic case how governments will fail if they ban bitcoin!
Okay, who cares? China can just further isolate themselves economically.... most of the stuff they make is cheap junk anyway!
Good luck with that fiat shitcoiners.
While they confiscate and hoard plenty of it…. They won’t let the US dollar happen again, next time they’ll be the power
🤣
La Chine vous nous avez vendu du chine tock pour vous enrichir et aujourd'hui la Chine va perler de monnaie illégale ?puf🙄🚶♂️💪💪
Crypto currency always seemed seductive, like it could bypass governments, but governments set laws and can easily make you a criminal for owning it. Always a speculative move, especially in these wild, totalitarian times.🤣 Bitcoin china
Goodbye China. 👋🏼
China is afraid of what United States May do in retaliation for the China Virus. Afghan war is over and U.S can focus on dealing with the communist China.
I feel sorry for the people of China. What will it be next?
How many times can China ban crypto ? Same story over and over again .
🧠⚙️🤔💭🇺🇸⏭
Get your damn facts straight
Simply put, anything with encryption is illegal, because the government can’t control
Old FUD...
Folks may want to invest in securing that their children & grandchildren learn how to speak and write mandarin because no investments in the infrastructure of this country is going to be a China 🇨🇳 Superpower for real ✍🏾
Good, I'd be more worried about those things that authoritarian governments embrace.. For example maybe you should start questioning why they're so keen on a CBDC, also those in positions of power in West pushing similar...
Yes, we heard them the first 15 times... Bitcoin
So China said this at 1am on a Friday night….just like last time when they were cracking down on miners also a story you guys ran with early Friday morning. cnbc is creating another crypto dump for their bosses….. Bitcoin $btc
Let China push the world into order!
😂😂😂😂 buy the dip
Hahahhhaha FUD channel....my god 🤦♂️
So what
Again?🤣😂🤣
Good.
Welcome to 2016. Chinese officials load up their shorts 25x in the derivatives market, then print fresh USD with the FUD. This is why a dollar settled Bitcoin ETF is a bad idea. They keep the Bitcoin and get dollars on pump and dump.
We care deeply what communists think.
资本在中国是受控得。这样才对资本有好的引导。不然资本无限扩张。最终受害还是老百姓。中国是唯一 不受资本控制的国家。
Reminds me of September 2017 China FUD. I remember how quickly that was forgotten and price soared.
That’s for you China
This will make it even more appealing.
oh that again
China mining equipment have been transferred to different countries, and now China is no longer have a record to be a greatest crypto miners. Stop the FUD read the news before panicking (this is only for the few forbidden crypto activities remain in their custody.
This is ancient.
🥱
Because of the dollar?
The establishment and legacy media’s constant attacks on crypto will be their downfall. Distrust in the media is already at an all time high. They are gleefully pounding in the final nails in their own coffin. $BTC $ETH
Google : “All companies that got banned by China and grew exponentially in the last 20 years”
it does not matter buy more btc SocialismoEsMiseria
FUD again and again.
Crypto
How many times?
Bitcoin banned China long time ago 😉
old news
USA should follow- a nice way to fight ransomware, tax evasion, black markets and to keep the US dollar the global standard.
Such a coincidence that this news came out exactly at the resistance level 🤔
El Salvador: Buy dip again
Although there are many crypto market enthusiasts in China, $BTC is the world's, and the trend of $BTC changing the future will not change. News can only affect the short-term trend, but it does not change the trend. $BTC 100k!!! !Pumb!!!
More countries to follow.
Strong sell
AT LAST SOME BANKER HAS SHOWN COURAGE.
Chinese authorities are autocratic
Should I be excited 😛
People dont fall for it, if they granted you a new DIP because of FUD buy it! CryptocurrencyNews
This makes me like bitcoin more
come on mate, it was issued on the 3rd this month. thanks for another buying opportunity
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