China declares all crypto-currency transactions illegal

(www.bbc.com)

posted by xyzzy on Bitcoin

4 comments

I hope the GPU prices start dropping, I need a newer GPU.

I think the prices may drop for a little while, but they will probably rise back up as people move their operations to other countries with cheap electricity.

[–] jobes 2 points (+2|-0)

Well the markets will do better knowing China is out of the game. No more crashes due to their policies

[–] [Deleted] 0 points (+0|-0)

Edited

I think it's now the 7th time the CCP have declared this.

:edit

Trading crypto-currency has officially been banned in China since 2019, but has continued online through foreign exchanges.

Posted by xyzzy
Score: 9 (+9|-0)

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.

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China declares all crypto-currency transactions illegal

4 comments

/s/Bitcoin