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Chiner literally bans crypto

  1. #1
    China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money.

    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.
    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.
  2. #2
    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.
  3. #3
    I can't imagine trying to get drugs in China
  4. #4
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    NFT's still legal kek wwwwww
  5. #5
    pEEpEEpOOpOO African Astronaut
  6. #6
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    NFTs are up up up mint OLD WHITE DUDES

  7. #7
    China is in on the New World Order cashless society as well.
  8. #8
    Sudo Black Hole [my hereto riemannian peach]
    The world should retaliate by banning Huawei
  9. #9
    STER0S Space Nigga [the disappointingly unanticipated slab]
    Originally posted by pEEpEEpOOpOO

    did u dieded
  10. #10
    Ghost Black Hole
    Wow 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 !!!!!!
  11. #11
    Ghost Black Hole
    Originally posted by the man who put it in my hood NFT's still legal kek wwwwww

    not anymore buckaroo also technoblade is dead and kiwifarms ???? never heard of it. WAKE UP!!! ITS ALMOST 2023!!!
  12. #12
    cigreting Dark Matter
    Originally posted by STER0S did u dieded

    i hope not hes me hero
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