RE: New China FUD: How hard will BITCOIN CRASH if China bans mining? - CEO of Chinese exchange says we are fu*ked - OTC trading banned! - Is Japanese volume temporary?

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New China FUD: How hard will BITCOIN CRASH if China bans mining? - CEO of Chinese exchange says we are fu*ked - OTC trading banned! - Is Japanese volume temporary?

in cryptocurrency •  7 years ago 

I lived in China for 9 years, based on my experience I don't think they'll ban mining. China is much more relaxed on what it produces for export than what it sells domestically. Have a look where most of the world's steroids are produced. The govt will turn a blind eye to that, as long as it's for export. So I'd apply the same to mining. Make it, sell it, but don't use it.

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That's an interesting perspective! You might be right... let's hope you are right.