Connect with us

Hi, what are you looking for?



China Tries to ban Bitcoin Trading Once Again

Companies in China have been wary of cryptocurrencies. That situation won’t necessarily change following some new guidelines coming out of Beijing. 

It has been a while since some “China bans bitcoin” FUD made headlines.


For reasons unknown, such news tends to come around at least once a year.

This year’s edition seems to focus on companies looking to engage in the crypto asset industry.

Beijing authorities claim no companies should engage in trading cryptocurrencies or providing other custodial services.

While this is not an official guideline, the “request” does send a very clear message.

It is a well-known fact that crypto trading in China has been “outlawed” for some time now.

As such, it seems interesting to note that some companies are still trying to break ground in this department. 

However, following this news warning, it seems unlikely that much will happen.

The recent increase in crypto asset trading hasn’t gone by unnoticed, but there are other solutions available as well.

Those who want to trade bitcoin can still do so outside of the control of the Chinese government.

Cryptocurrencies are unique in this regard, as they can circumvent artificial blockades with relative ease.

China will not be an exception in this regard. 

News Source


You May Also Like


Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...


When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...


(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (, announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...


Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews