The price of Bitcoin fell more than 9%, to $41,085, in the hours after the announcement, as did most other crypto tokens. Ethereum skidded almost 10%, falling from $3,100 to around $2,800.
Promoters of cryptocurrencies say they allow anonymity and flexibility, but Chinese regulators worry they might weaken the ruling Communist Party’s control over the financial system and say they might help to conceal criminal activity. Regulators in other countries have increasingly warned that cryptocurrencies need greater oversight. In the U.S., Gary Gensler, the chairman of the Securities and Exchange Commission, has said that investors need more protection in the cryptocurrency market, which he called “rife with fraud, scams and abuse” and compared to the “Wild West.”
All noobs in comment section doesn't know sh*t about block chain and also doesn't know real money is just FEDs printer machine
Here's a thread for Bitcoin newcomers. Hope folks find this useful...
I declare the Chinese government is clown town
CCP还叫中国普通人群骂美国，诋毁美国，但是CCP的老婆，孩子，钱都转移在美国，这禁止比特币和骂美国一样逻辑一样操作。只是禁止普通中国人购买比特币。
Bitcoin
Wokka wokka
What about binance They are Chinese
China does the rare proper thing
If they can’t control it they will ban it.
The Rothschilds & the Queen are freaking out because they control the majority of all international banks. Btw, the entire Rothschild family & Queen should've been executed during the European revolutions but somehow bribed their way to keeping their heads causing more evil.
Far better government/system than whatever the US has
Mind you, the vituperations of Kaiser have looked thin of late chiefly because of his denial of the good effects of QE and his unthinking support for all cryptos plus even the very stable Bitcoin - but above & beyond both these factors, Max looks too much like a Sov ideologue
Now we sit back and see who follows suit and which corporations offer similar proclamations…connect the dots to see who is the cotillion of future oppressors
At some point the world just needs to cut China off completely.
Yea cause I guess all other currency is being backed by gold a silver, currency is what we say it worth, most of it ain't worth the paper its printed on, it just already has controls over it
Guess they aren't into computer files being used as currency. Wish I had come up with that idea tho'. People will rave for anything, even when it's nothing. Kind of like the new clothes on the Emporer.
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