The move reinforces China’s tough stance, the strongest to date from a major economy against the use of digital currencies https://t.co/UzkzLDtNDQ

— Tim Seymour (@timseymour) September 24, 2021

Xi taking #China back to the dark ages. Has anyone noticed that they make these announcements about every two weeks? Methinks he doth protest too much about #crypto #Bitcoin. The Chinese people are smarter than this. #undergroundeconomy https://t.co/9R990gUEx5

— Tim Draper (@TimDraper) September 24, 2021

you: "China banned bitcoin"
me: "which time?" pic.twitter.com/BxOk5T4mKs

— Dan Romero (@dwr) September 24, 2021

China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China.

— Senator Pat Toomey (@SenToomey) September 24, 2021

Headlines this morning really should read: China continues long running, ineffective attempts to suppress use of cryptocurrencies https://t.co/FITnkgG052

— Rachael Horwitz (@RachaelRad) September 24, 2021

Digital. Authoritarianism. China is forcing its citizens away from decentralized currency and onto the digital yuan so the CCP can track all money movements. You fear Big Brother? Then you should also fear what the Fed might be designing. https://t.co/We8w01gNwC

— Tom Emmer (@RepTomEmmer) September 24, 2021

In other news, China bans crypto for the umpteenth time.

??‍♂️ ?

Next. https://t.co/hxGbWq9dk0

— Saleh Ahmed Ⓥ (@SalehAhmedd_) September 24, 2021

China is transitioning from a pseudo-capitalist to a centrally planned economy. This is the underlying theme in a lot of the tech related policy changes and big tech founder resignations.

There’s no future for crypto under such a regime. He's dead, Jim.https://t.co/uIVgTtE4Ia

— Dare Obasanjo (@Carnage4Life) September 24, 2021

Oh and if all the mining happens here and we make our grid green then crypto will be green https://t.co/rIelpgaANm

— Kyle Russell (@kylebrussell) September 24, 2021

China banning Bitcoin is a massive mistake with impacts that will be felt for generations. Their loss is our gain and America can and will lead the future by providing a clean power home for Bitcoin miners and all who are building on/with/for #Bitcoin. https://t.co/W4Gcq2e92w

— Mayor Francis Suarez (@FrancisSuarez) September 24, 2021

True. Let's see if the @SEC_Enforcement will recognize or let the opportunity go to waste. https://t.co/oeMmS0PFkl

— Eleanor Terrett (@EleanorTerrett) September 24, 2021

now all the poor people will panic sell

rich people will buy it up

then the value will skyrocket again leaving poor people holding the bag https://t.co/7oKtGpUgDd

— Tim Pool (@Timcast) September 24, 2021

Every time China's economy is in trouble and there is capital flight via virtual currencies, Beijing declares crypto illegal https://t.co/GLrXd6DIIv

— zerohedge (@zerohedge) September 24, 2021

crypto bulls already saying that this is great for crypto because no longer dependent on PRC and miners will go elsewhere. https://t.co/qKAlNqQQq1

— Jim Cramer (@jimcramer) September 24, 2021

China intensified a crackdown on cryptocurrency trading, vowing to root out 'illegal' activity in trading of bitcoin and other virtual currencies and issuing a nationwide ban on cryptocurrency https://t.co/TD0VWjiUbQ

— Reuters (@Reuters) September 24, 2021

Don’t panic: #China has just banned #Bitcoin again!

This time, the ban targets trading on offshore exchanges (using VPN), as well as using local agents or OTC services to exchange from CNY to & from USDT.

As bad as this may sound, it’s actually NOT the last nail in the coffin!

— Bobby Lee - Ballet: World's EASIEST wallet! (@bobbyclee) September 24, 2021

"The People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas cryptocurrency exchanges providing services in mainland China are also illegal."https://t.co/l5beo3iaSd

— "LL Cole J" Coleman (@DemopJ) September 24, 2021

Open. Permissionless. Private. If China bans it, you know it’s something worth fighting for. https://t.co/y1IBxjylcz

— Tom Emmer (@RepTomEmmer) September 24, 2021

China announced this morning a new crackdown on Crypto. What does that mean? It means China is about to launch its Government crypto coin. If US follows, Fed coin means Bitcoin outlawed, US becomes Centralized Gov, like China, US communism begins, our freedoms end. Take care.

— therealkiyosaki (@theRealKiyosaki) September 24, 2021

No better indicator of why crypto matters https://t.co/olWb0esaaI

— 6529 (@punk6529) September 24, 2021

What’s really sad is how exciting China’s crypto policies are to Elizabeth Warren, Gary Gensler, and the rest of the extreme Left that now controls our financial system.

The only thing that separates them and the CCP are constitutional checks from the opposition party & SCOTUS.

— Ryan Selkis (@twobitidiot) September 24, 2021

It’s high time that Indian Government, RBI & other regulators take a clear stance towards #cryptocurrencies

I don’t have a view but there are too many investors, traders trading in these and the amounts involved are too large to be unregulated#Bitcoin #BTC #Ethereum #Crypto https://t.co/pBHJPqOnIn

— Mihir Vora (@theMihirV) September 24, 2021

China is setting the stage to force its own state controlled crypto currency on its citizens. The same will happen in most G20 nations. But crypto prohibition is doomed. Too many people already had a taste of crypto freedom and won’t go back. #Crypto

— Kim Dotcom (@KimDotcom) September 24, 2021

I'm no laser eyes guy, but China's moves to try to control crypto provide a great opportunity for the US and Europe to take a divergent approach of setting up transparent rules and letting the market do its thing. https://t.co/8dugAbDeIg

— Brian Morrissey (@bmorrissey) September 24, 2021

More FUD means buying the dip just got easier

— Tyler Winklevoss (@tyler) September 24, 2021

So.... about that argument that a big value of decentralized currencies is that they can operate successfully in autocratic countries that don't want them there...

— Dan Primack (@danprimack) September 24, 2021

All crypto currencies, including bitcoin and tether, are not fiat currency and cannot be circulated on the market, the People’s Bank of China says on its website. https://t.co/bGuoVwGtzC pic.twitter.com/rcPdtgzWHg

— Bloomberg (@business) September 24, 2021

I had a tweet calling this over 6 months ago. As China gets closer to the launch of their CBDC all others will be outlawed, then exchanges will be forced to incorporate the digital yuan as a stable if they want to run in China, and the CCP will get all the insight of the users https://t.co/7LwdjNPl6S

— Cam McDonald ⓥⒽ ℗ⓢ (@CampDadCam) September 24, 2021

I think crypto in general is very incompatible with Chinese economic strategy and it would be great if they banned it once and for all, we deal with it and move on

Don't get it twisted though, new FUD will find a way

Just be nice to have something else to talk about for once https://t.co/2QaorflBsF

— Johnnie Jacks (@johnnie_jacks) September 24, 2021

America has an incredible opportunity to protect personal digital wallets, embrace true distributed ledger technology, and strengthen our advantage over China's authoritarian Communist Party. https://t.co/ci5QCyN7bi via @WSJ

— Warren Davidson (@WarrenDavidson) September 24, 2021

2013 banning of bitcoin in China:https://t.co/LypRNb7EI8

2017 banning of bitcoin:https://t.co/rM9Lz389ct

And the 2021 one planted today, probably by someone looking for a big buy, which was actually weeks old.

Nice 4 year cycle.

Going to be great end of 2021.

— Cryptoyieldinfo (@Cryptoyieldinfo) September 24, 2021

This is from 4 years ago, back when China banned crypto only the 156th time. https://t.co/KDkAKUtlxz

— Emin Gün Sirer? (@el33th4xor) September 24, 2021

1/5 A message to US and Western Policymakers on how to think about China's approach to crypto and blockchain. China opposes the Western system of values built on openness, transparency, privacy, free market competition and so forth.

— Jeremy Allaire (@jerallaire) September 24, 2021

Nothing has created more wealth in the past decade than technologies banned in China. #Bitcoin

— Michael Saylor⚡️ (@michael_saylor) September 24, 2021

If China is banning something, the thing which is banned must for sure be highly valued by its citizens.#Bitcoin is monetary secession. https://t.co/KQY0X0YNfw

— Fernando Ulrich (@fernandoulrich) September 24, 2021

gonna be exceedingly fun to watch china lose the great global money and tech war of the 21st century

— Mike DAOdas (@mdudas) September 24, 2021

Read carefully it says ALL CRYPTOCURRENCY RELATED transaction….RELATED not just direct but related transactions are also illegal. #cryptocurrency #CryptocurrencyNews #btc #bitcoin #BITCOIN https://t.co/PA3j4nxQwr

— Fakhr-e-Alam (@falamb3) September 24, 2021

Every time China bans us the price dips for a bit and then a couple months later everything is back except we also have meaningfully less China risk, so….?‍♂️

— Nathaniel Whittemore (@nlw) September 24, 2021

Ahh some good old fashion China FUD https://t.co/pvvNJewC2Q

— Andrew Steinwold (@AndrewSteinwold) September 24, 2021

THREAD: Today, China continued its crackdown on cryptocurrency with an announcement that all crypto transactions are now illegal. This follows a May ban on mining and other crypto-related activity, which the government re-committed to today. https://t.co/jJre5QJHmD

— Chainalysis (@chainalysis) September 24, 2021

China is cracking down on #bitcoin again. Long-term, will this be detrimental to #BTC or will it create opportunities? Let us know in the comments below.https://t.co/Am0jnXB43R

— Marathon Digital Holdings (@MarathonDH) September 24, 2021

I don't commonly agree with the Chinese government. But I sure approve of this. https://t.co/kOHaXiBs2T

— Erik Loomis (@ErikLoomis) September 24, 2021

China Declares All Cryptocurrency Transactions Illegal https://t.co/zEyYdKaKZB

— Taylor W. (@realTaylorW) September 24, 2021

Full story here.

Something meta about getting Trojan Horse theory printed in the NYT ?https://t.co/UeRoxjq8H6

— Alex Gladstein ? ⚡ (@gladstein) September 24, 2021

China cracks down on cryptocurrency, banning transactions and mining. As recently as 2017, China made more than two-thirds of all Bitcoin issued daily. https://t.co/P2CQBtTbz9

— Amy Qin (@amyyqin) September 24, 2021

Wowzer...Seems like a big deal: China intensified its crackdown on cryptocurrency, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining .https://t.co/mm6V95YlXy

— Eric Lipton (@EricLiptonNYT) September 24, 2021

All financial transactions involving cryptocurrencies are now illegal in China.

I have to admit, that is a more extreme stance than I expected them to take. Updating.https://t.co/F5G77SwEkz

— Eli Dourado (@elidourado) September 24, 2021

Yeah, just what we need on our already stressed and fragile electrical grid.

Good luck with that #BTC bulls.

No chance we will replace China's bitcoin mining dominance:

As recently as 2017, China made more than two-thirds of all Bitcoin issued daily. https://t.co/LEVXyPraIq https://t.co/tqYo4eW2Fr

— Samantha LaDuc (@SamanthaLaDuc) September 24, 2021

TIMBER! https://t.co/GVzIXkRDov

— Nash Across the 8th Dimension (@Nash076) September 24, 2021

Totally not surprised by this: China announces complete ban on cryptocurrencies: https://t.co/qpi8L1bHpI

— Charlie Stross (@cstross) September 24, 2021

And now China is banning cryptocurrency. Continuing the trend identified in my @techdirt article, China’s government is adverse to any tech that decentralizes authority. https://t.co/7ATKYhkMAW

— Neil Chilson (@neil_chilson) September 24, 2021

China announces complete ban on cryptocurrencies https://t.co/qVdHqOa3j6 #cryptocurrency #cryptocurrencies #CryptoNews #CryptocurrencyNews #Bitcoin #China

— Future Timeline (@future_timeline) September 24, 2021

China has announced a complete ban on cryptocurrencies:https://t.co/20H79nUCom

— Adam Levin (@Adam_K_Levin) September 24, 2021

China announces complete ban on cryptocurrencies #CryptoCurrencies via https://t.co/l0Y4qQBeFO https://t.co/pa6oDkMbek

— Eddan Zhang (@eddan0306) September 24, 2021