My thoughts
- China want's to be a leader in Blockchain technology. A ban on bitcoin and exchanges will hinder this goal
- China has banned bitcoin multiple times yet bitcoin trading was resurrected
- Like the article said, the ban may be temporary due to the upcoming Communist Party Convention which is highly scripted and organised. I don't see any reason why exchanges can't get licenses to operate and gather additional information from their clients before allowing them to buy and trade cryptos
- The price of bitcoin can't be further be affected my China, regardless of the outcome. There can only be positive news coming out of China now.
Congratulations @cryptotanalysis! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit