科技回声

Chinese Yuan is not a freely convertible currency, each Chinese individual can convert their CNY to a foreign currency up to 50k USD value, the conversion process is tightly reviewed. If banks start offering crypto, they are essentially offering CNY -> Crypto -> USD, the regulation is being circumvented hence they are not happy.

I thought china was rich enough and had huge internal demand for its produced goods.<p>But it's banning cryptocurrency to save its economy? Doesn't seem like their economy is robust enough now.

This is a mis-informed article. China banned crypto like 100th time.

Like clockwork, the same old China fud is loaded. What’s amazing is that it continues having an effect the hundredth time.

Institutions should be allowed to fail, loose money and go bankrupt because of their bad decisions. Like everyone else in society.

Their reasoning here is pretty sound if you ask me.<p>I wonder if the 'free world' follows suit or lets it all play out.<p>I can see a few people getting very wealthy and most people making just a little bit or losing money. That's not much different from 'business-as-usual'.

I thought china was rich enough and had huge internal demand for its produced goods.<p>But it's banning cryptocurrency to save its economy? Doesn't seem like their economy is robust enough now.

This is a mis-informed article. China banned crypto like 100th time.

Like clockwork, the same old China fud is loaded. What’s amazing is that it continues having an effect the hundredth time.

Institutions should be allowed to fail, loose money and go bankrupt because of their bad decisions. Like everyone else in society.

China bans financial, payment institutions from cryptocurrency business

6 条评论

China bans financial, payment institutions from cryptocurrency business

6 条评论