> China has "banned Bitcoin" dozens of times over the last decade
This is a false narrative pushed by the Bitcoin cult. It's supposed to create an impression that nothing has changed, so the price should not change.
This is a false narrative pushed by the Bitcoin cult. It's supposed to create an impression that nothing has changed, so the price should not change.
2013: https://www.bloomberg.com/news/articles/2013-12-05/china-s-p...
2015: https://archive.is/Higoz
2017: https://www.reuters.com/article/us-bitcoin-china-idUSKCN1BJ1...
2018: https://www.businessinsider.com/china-eliminates-all-cryptoc...
2021: https://archive.is/s7nbw
"China Has Banned Bitcoin 13 Times Since 2012":
https://finance.yahoo.com/news/china-great-bitcoin-mining-mi...
https://translate.google.com/?sl=auto&tl=en&op=docs
https://www.google.com/search?q=%E5%8A%A0%E5%AF%86%E8%B4%A7%...
This seems like another step on a journey to maintain control over assets. So not the same thing as you have linked but nothing that should effect the market as China has been clear on its intentions.
I would be more curious about the larger game. A few front runner governments will establish there own ways to deal with crypto and then others will copy from a, b ,c. China's methodology is becoming more formal and therefore more copy able. I think we can already see the larger pattern and we already know who copies who traditionally... Would love to see a write up from this perspective.
You basically claim that Bitcoin was banned a month ago in China. But that is not true, it was legal to make Bitcoin transactions.
https://old.reddit.com/r/Bitcoin/search?q=china+ban+bitcoin&...