Mainecat Posted September 24, 2021 Share Posted September 24, 2021 Oh Oh…… China declares all cryptocurrency transactions illegal BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year. That reflected official concern cryptocurrency mining and trading might still be going on or the state-run financial system might be indirectly exposed to risks. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website. https://apnews.com/article/china-declares-cryptocurrency-bitcoin-transactions-illegal-c6e869b63af6de3d1d699ee105d602e6 Quote Link to comment Share on other sites More sharing options...
CFM Posted September 24, 2021 Share Posted September 24, 2021 Are you buying/selling crypto thru China ? 1 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 24, 2021 Author Share Posted September 24, 2021 17 minutes ago, CFM said: Are you buying/selling crypto thru China ? Coming soon to many other countries. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted September 24, 2021 Platinum Contributing Member Share Posted September 24, 2021 Chyna though 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 24, 2021 Share Posted September 24, 2021 Cool....works for me. No investor protections. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 24, 2021 Author Share Posted September 24, 2021 It’s a terrorist currency of choice. I said from the beginning it’s a scam……a huge one. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted September 24, 2021 Platinum Contributing Member Share Posted September 24, 2021 (edited) Meanwhile people have made lots of money off it. Even the teenage kid next door here made thousands Edited September 24, 2021 by Skidooski Quote Link to comment Share on other sites More sharing options...
CFM Posted September 24, 2021 Share Posted September 24, 2021 (edited) 15 minutes ago, Mainecat said: It’s a terrorist currency of choice. I said from the beginning it’s a scam……a huge one. Did they use it to buy $85 billion of us military hardware the other week ? Edited September 24, 2021 by CFM 1 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 24, 2021 Share Posted September 24, 2021 They are shutting it down because they cant control it.....its a threat to the central banking system. I agree its hard to find value in prime numbers, but our currency has nothing behind it either. Quote Link to comment Share on other sites More sharing options...
CFM Posted September 24, 2021 Share Posted September 24, 2021 True skisnh. As it appears you said, China still fixes the value of their currency, right ? Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted September 24, 2021 Gold Member Share Posted September 24, 2021 I believe this was for business purchases like you can’t use your Bitcoin to buy a coffee like you can in El Salvador. They can still hold crypto. Spreading fud buy the dip 👌 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted September 25, 2021 Share Posted September 25, 2021 10 hours ago, Mainecat said: Coming soon to many other countries. Big govenment can't have people in control of there own money . Henc why China was first and you are cheering for them. Prob is in America it can't happen they can try but the cat is out of the bag and they will only make it stronger when they try 1 Quote Link to comment Share on other sites More sharing options...
Woodtick Posted September 25, 2021 Share Posted September 25, 2021 Venmo does crypto. There is a crypto atm in the gas station by me. It’s not going anywhere. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted September 25, 2021 Share Posted September 25, 2021 40 minutes ago, Woodtick said: Venmo does crypto. There is a crypto atm in the gas station by me. It’s not going anywhere. At the groceries store by my house there is a ATM you can cash out or buy more at. It replaced the red box 1 Quote Link to comment Share on other sites More sharing options...
snopro31 Posted September 25, 2021 Share Posted September 25, 2021 meh. china has banned bitcoin a few times over the years........but then continues to ban a banned item. Quote Link to comment Share on other sites More sharing options...
Woodtick Posted September 25, 2021 Share Posted September 25, 2021 12 hours ago, Ez ryder said: At the groceries store by my house there is a ATM you can cash out or buy more at. It replaced the red box I could see it being very useful buying and selling across the northern boarder. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.