But, the trading of Bitcoin and other cryptocurrencies remains strictly banned, and the areas of the cryptocurrency market that the government of China has banned remain prohibited. While merchants are technically allowed to accept cryptocurrencies, trading, crypto events, ICOs, and any form of OTC investment in the asset class are still. Jun 25, · Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in China in September That ban . Nov 11, · In December , it banned financial institutions from dealing with bitcoin transactions, a move that later shaped into a full-fledge ban of trading cryptocurrencies. As China went ahead with its hate-relationship with bitcoin, the country meanwhile never shied away from borrowing the cryptocurrency’s underlying technology – the blockchain.
China bitcoin trading banIs China about to Lift the Bitcoin Trading Ban? - CoinStats Blog
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Multicoin Capital. Goldman Sachs. Andreessen Horowitz. Genesis Mining. People Brad Garlinghouse. Charlie Lee. Su Zhu. Kyle Samani. Charles Hoskinson. Brian Armstrong. Ross Ulbricht. Marco Streng. Michael Saylor. Recent Stories. Photo by Annie Spratt on Unsplash. Posted In: Bitcoin , China , Analysis. Like what you see? Subscribe for daily updates. You might also enjoy Stricter regulations by the PBOC will "definitely weigh on the cryptocurrency universe," said Wayne Cao, who runs a company that recently offered 10 billion tokens in an ICO.
Investing in cryptocurrencies and other Initial Coin Offerings "ICOs" is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. Fiscal Policy.
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