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China bans cryptocurrency offerings while Bitcoin surges

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Cryptocurrency is the China’s new target on its hit list. It announced on Monday, that the People’s Bank of China banned ICOs, the series of investigations on raising funds by launching new digital tokens. But, there was no particular cryptocurrencies were mention as Bitcoin or Ethereum.

Why so?  China bans cryptocurrency offerings while Bitcoin surges

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13 minutes ago, Barry Goldwon said:

This is a great move for China, it seems like they have discovered something that many love to do. They stated that ICOs is illegal and unauthorized; they explained why it is and it means that they are serious with it.  One thing is for sure, it has to stop.

 

Yeah, these chinese people make a scam and fraud. China government takes a good move which will help for real cryptocurrency.

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China is solid about their decision and that there is no turning back, at least for now but maybe soon enough.

It may greatly affect the bitcoin investment possibility in the country but even if so, it is not the only place where people could use it, they could go elsewhere in the world. They have to keep in mind that the price of bitcoin per unit continues to rise.

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On 9/7/2017 at 1:43 PM, TonyMark said:

Yeah, these chinese people make a scam and fraud. China government takes a good move which will help for real cryptocurrency.

That is right, the big volume of bitcoin trades happen in China so now that they are out, the price would be more stable! We are sure to expect decent bitcoin prices from now on, it could still be off the roof but at least we know that nothing fishy is happening behind closed doors.   

Reply by Owen Randall

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On 9/7/2017 at 1:43 PM, TonyMark said:

Yeah, these chinese people make a scam and fraud. China government takes a good move which will help for real cryptocurrency.

China has banned bitcoins and all of the crypto currency trades. It seems like bitcoin is doing just fine despite it all. From the price of as low as $3700 per unit, it is now climbing into $4500 and is most likely to reach $5000 again. Bitcoin is sure to survive in the years to come.

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On 10/12/2017 at 9:08 PM, icoholder said:

China tried to slow down bitcoins but it didn't happen. The price is still growing. Let's see what will happen with crypto currency next year, it will be intresting to watch.

It sure is interesting to see how bitcoin would do next year. This year isn’t over and bitcoin has gone through a lot but it persevered! If China tried to bring it down, they aren’t successful in doing so; the bitcoin price per unit has soared higher than its old all-time high record.    

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