Bloomberg Technology
China Bans All Crypto Transactions
Sep.24 — Aya Kantorovich, FalconX Head of Institutional Coverage, joins Emily Chang to talk about China’s decision to consider all crypto-related transactions as illicit financial activity.
Sep.24 — Aya Kantorovich, FalconX Head of Institutional Coverage, joins Emily Chang to talk about China’s decision to consider all crypto-related transactions as illicit financial activity.
The TruthHurts
September 24, 2021 at 10:47 pm
LOL
Amadeo Brands - ON DeFi
September 24, 2021 at 10:58 pm
LoL 🤣 this is insane hehe they tried to do this many times lol
Bentley Bangayan
September 24, 2021 at 11:02 pm
China will eventually ban itself just to cover all bases …
Phil Ware
September 24, 2021 at 11:24 pm
Good on them.
Crypto is baseless!
Boo
September 25, 2021 at 4:01 am
Lol, you have no idea what you are talking about.
Phil Ware
September 25, 2021 at 6:40 am
@Boo what is crypto based on then? An artificially created “worth”.
What nonsense.
Abdullah Al-Shimri
September 25, 2021 at 8:51 am
@Phil Ware same with the USD – an artificially created worth – which the government watches.
Boo
September 25, 2021 at 11:59 am
@Phil Ware yes see abdullahs comment, crypto really has three things that make it unique and valuable. First would be its technology, I dont know how familiar you are with blockchain technology but its literally ground breaking, its secure, open source, and cant ever be changed. It also eliminates corrupts middle men like the government.
Second, in the case of btc specifically is scarcity, there will never be more than 21m bitcoin. This makes it a rare valuable commodity like gold.
Third would be ease of access. If you have access to the internet you can participate in crypto, this cant be done in any other currency, most currencies are land locked and controlled by the government.
Those would be my thoughts, the US has also printed a crazy amount of dollars since the pandemic, and you cant just print dollars out of thin air, that my friend, is baseless.
Jay Nguyen
September 24, 2021 at 11:30 pm
2022 “China bans crypto… again”
R SY
September 24, 2021 at 11:53 pm
whoa, this is a good news for crypto community? Vanish 1.4 billion potential consensus? That’s great, the adoption rate ceiling down 25% already.
Jeug Xug
September 25, 2021 at 12:23 am
The philosophy of the rich and the poor is this “the rich invest their money and spend what is left.The poor spend their money and invest what is left
Jenni Jasper
September 25, 2021 at 12:46 am
+①⑨④⑨④④①①⓪①⑨%**
Andrew Cookey
September 25, 2021 at 12:47 am
Really y’all know him?, I even thought I’m the only one he has helped walk through the fears and falls of trading
Lucas Cartar
September 25, 2021 at 12:48 am
@Andrew Cookey I met Mr Charles Micheal last year for the first time at a conference in Manchester, I invested £25,000 and traded in one month making close to £143,670
Patricia Louis
September 25, 2021 at 12:48 am
Seeing alot of success stories, he must be honest and trustworthy for people to talk this good about him.
William Fredrick
September 25, 2021 at 12:49 am
@Patricia Louis When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don’t regret the move I made because I invested in a big way
Kevin West
September 25, 2021 at 4:16 am
Crypto is a solution in search of a problem.
1. You can’t spend it anywhere that matters.
2. It loses/gains value at the drop of a hat. How do you break a $43,000 bitcoin for a $1.50 loaf of bread?
3. Takes more energy that some small countries to maintain or do a transaction.
4. What will happen to crypto’s value when America, China, and the EU make their own crypto while banning all other crypto as money?
Sasha loveridge
September 25, 2021 at 5:33 am
china bans cryptocurrency deems it illegal all other countries will follow suite.
Anne S
September 25, 2021 at 6:02 am
1. XRP
2. XRP
3. XRP
ayy
September 25, 2021 at 6:51 am
Labelling all crypto together is uninformed, as there are many with use cases beyond just a fiat alternative (specifically the ones based on smart contracts)
But if you’re talking about BTC yeah it’s not a good alternative to the dollar atm. and it’s a risk asset that fluctuates with the s&p.
Its a global backup plan for a black swan scenario in future years if hyperinflation of the dollar occurs. Or an option away from authoritarian governments escalating to full control when their currency/economy is starting to look shaky (like what China is doing rn).
Oscar Windham
September 25, 2021 at 4:52 am
Of note, the fact is that crypto-“currencies” are not actual currencies in first place. You can’t perform commerce with any crypto-“currency” unless by the implementation of that big scary word…. , drum roll, please – by FIAT, and that ain’t gonna happen. China, in my opinion, was exactly correct in banning all crypto-(pseudo)”currencies” and we will end up doing the same thing here in the U. S. and for the same reasons one of which is so that our digital dollar, as in monetizing, doesn’t have competition which it shouldn’t have to begin with. The crypto-so called currencies are little more than legalized counterfeiting or at the very least, a debasement of our dollar. There can only be one currency, as was demonstrated after the Civil War when the Confederate currency was eliminated and at the same time the “crypto-currencies” that were actual currencies of that era which is when different banks in different states and counties issued their own currencies, was also eliminated as well. All that had to end in favor of the evolution of our currency that has now produced our current global paper currency that is emblematic of our global electronic currency system which points to a soon to come cashless society.
Racists Die and go to Hell
September 25, 2021 at 5:00 am
Cryptic Crypto
Jake Riffle
September 25, 2021 at 5:48 am
No suprise the government who owns television and the internet doesn’t want a free currency lol.
Lil T
September 25, 2021 at 5:58 pm
they only wanna ban it cuz they scared that they will lose most of the people will work for $1 a day to make their iPhone chips like they want
Troyphy
September 25, 2021 at 7:28 pm
This is exactly what will happen in the US hopefully later than sooner
Rworld
September 25, 2021 at 8:36 pm
China is not controlling all world.. China only controlling China..
muffemod
September 25, 2021 at 11:15 pm
BITCOIN LOSERS GOT SLAMMED!
Nordic Owl
September 26, 2021 at 1:02 am
FINALLY. Maybe I can actually buy a GPU for once.