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China’s latest Bitcoin ban means there’s no more FUD we can expect from its government.

China’s latest Bitcoin ban means there’s no more FUD we can expect from its government.



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22 Comments

  1. They banned transactions. They haven’t banned private ownership of bitcoin. They can still do that. They haven’t banned corporate/state ownership; they could still do that too.

    Most of the FUD is priced in. But banning ownership would be ugly, and they still do hold that one last tool if you’re a believer in them wanting to crush bitcoin.

  2. Yeah I doubt it. People said this when all those miners were leaving China months ago. Most of the FUD that comes from China is years old anyway and just circulates around every year or two. It’s ill advised to think China FUD will never happen again.

  3. No. All the banning talk was just round 1 of Chinas anti Bitcoin campaign.
    Round 2 will be the release of the digital yuan and the continual slamming comparisons by the government to make the yuan seem amazing compared to bad cryptos.

  4. They could ban ASIC manufacturing. Most ASICs are still made in China. That wouldn’t be a simple migration either like miners relocating.

    I’m sure the network would adapt in time but something like that would crush the price short-medium term.

What do you think?

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