events China declares all crypto transactions illegal

[Business Brands]

China declares all crypto transactions illigal

https://finance.yahoo.com/news/bitcoin-ticks-up-as-twitter-embraces-the-crypto-101724624.html

 

[Kingslayer]

This is why I’ve not invested in crypto, its great people are making money on it now, in the same way people are making money on NFT's, but I think there is a limit how big it can become and because of that, it’s not real money and you can wake up one morning and not even see it coming.

China is the first of many, if crypto starts getting too big for its boots, other countries will follow suit. For example America won’t allow it to be a threat to the dollar, EU won’t allow it to be a threat to the Euro, the UK won’t allow it to be threat to the pound.

 

[richardhope]

China declares all crypto transactions illigal

https://finance.yahoo.com/news/bitcoin-ticks-up-as-twitter-embraces-the-crypto-101724624.html

Lol. Copying a correctly-spelled headline and you still manage to put a typo in there!...

 

[The Durfer]

can they really do that? What about travel, countries are already making it there national currency? doesnt make since unless they arent going to recognize those countries. hmmmm.

 

[RogueWriter]

They can’t take what they can’t find, so of course China wants to control crypto or make it illegal. It is too late, though. All this is going to do is make their businesses less competitive.

 

[branding]

All this is going to do is make their businesses less competitive.

And tank the value of a lot of cryptos. Watch the Chinese as once people start massively unloading, nothing good will come out of that.

 

[DomainGaze.com]

can they really do that? What about travel, countries are already making it there national currency? doesnt make since unless they arent going to recognize those countries. hmmmm.

It's China. They can certainly do it.

 

[barybadrinath]

I am sure many wealthy Chinese hold tons of crypto. What will happen to it now.