RE: China initiates crypto ban! Bitcoin price plummets

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China initiates crypto ban! Bitcoin price plummets

in bitcoin •  7 years ago 

So that caused the sea of red...Are they serious this time? Didn't see anything about this at CoinDesk

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Here's the article about the ban: https://cointelegraph.com/news/ban-complete-china-blocks-foreign-crypto-exchanges-to-counter-financial-risks

This does seem to be the real deal, and I have to say I'm glad. Not because I don't want Chinese citizens to be able to buy crypto, but because this government and its FUD has been the cause of a number of dips. If they're out of the market, we won't have to deal with this mess again. Not from them, anyway.

At the very least, they're out of the way.