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Chiner literally bans crypto
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2021-10-01 at 10:35 PM UTC
China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money.
https://mishtalk.com/economics/china-cracks-down-on-cryptocurrencies-all-transactions-now-illegal
The People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability.
Naming bitcoin, ether and tether as examples, the central bank said cryptocurrencies are issued by nonmonetary authorities, use encryption technologies and exist in digital form, and shouldn’t be circulated and used in the market as currencies.
China banned cryptocurrency exchanges from operating within its borders several years ago, but individuals in the country have continued to find ways to trade bitcoin and other digital currencies via over-the-counter or peer-to-peer transactions.
What does illegal even mean in the Chinese context? Actually illegal, or just not allowed, but not punished either?
Coins are up since the move, especially since the jedis now want to regulate stablecoins like US Dollar Tether as banks. -
2021-10-02 at 2:31 PM UTC
Originally posted by Donald Trump https://mishtalk.com/economics/china-cracks-down-on-cryptocurrencies-all-transactions-now-illegal
What does illegal even mean in the Chinese context? Actually illegal, or just not allowed, but not punished either?
Coins are up since the move, especially since the jedis now want to regulate stablecoins like US Dollar Tether as banks.
its illegal to transact in these coins. no laws against owning loads of them.
it is to prevent chineses from channeling their wealths (capital) out of china to preserve their rentier capacity. wealths that flows out of china will not recirculate in internal chinese economy, thus furthering income and wealth gap and runs contra to the vision of common prosperity xi envisioned. -
2021-10-02 at 2:38 PM UTCI can't imagine trying to get drugs in China
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2021-10-03 at 4:30 AM UTCNFT's still legal kek wwwwww
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2021-10-04 at 12:01 PM UTC
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2021-10-04 at 12:10 PM UTCNFTs are up up up mint OLD WHITE DUDES
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2021-10-04 at 1:18 PM UTCChina is in on the New World Order cashless society as well.
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2021-10-04 at 1:37 PM UTCThe world should retaliate by banning Huawei
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2022-12-06 at 10:47 PM UTC
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2022-12-07 at 1:26 AM UTCWow they are just copying us! Typical chinese can never come up with ANYTHING unique
https://cointelegraph.com/news/ontario-crypto-exchanges-impose-30k-annual-limit-on-altcoin-buys
Vin Vuthy: OH YA WHAT ABOUT GUNPOWDER KEKEKEKEKEKKE
Ah yes, taking credit for the existence of a chemical compound that exists in the universe as an invention of your genetic race of human
YEAH nice cultural something , my white people culture tells me that it's stupid and racist to be proud of your RACE for anything like YOUR PEOPLE ever did shit and we are ALL niggers , and by we I mean white people, not "PEOPLE" people or as we call them "lower caste humans"
sorry fellow whites im leaking the secrets call me a race trader
Originally posted by Sudo The world should retaliate by banning Huawei
Fighting regulation with regulation I don't think will lead to any desirable outcome
The same effect can be had without needing any government but through the power of the consumer, economy and technology. As much as CONSUMER ACTIVISM is a meme it should be what we do instead of banning anything
We have every RIGHT (god given) to know what companies produce and whats in it and if they fuck around they deserve to get LITERALLY FUCKING PITCH FORK MOBBED, SEE IF I STOP THEM FROM GASSING THE MODERNA BIG WIGS, okay I might yell "COME ON YOU WOULD HAVE DONE THE SAME THING YOU TWO FACED OVERSOCIALIZERSS!!!" but that's it
and you would all probably grab me by the wrist and ankle for shouting that and toss me right in after becuase YOU ARE ALL EVIL !!!!!! -
2022-12-07 at 1:31 AM UTC
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2022-12-07 at 3:58 AM UTC
