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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
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
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.— Dare Obasanjo (@Carnage4Life) September 24, 2021
There’s no future for crypto under such a regime. He's dead, Jim.https://t.co/uIVgTtE4Ia
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
Don’t panic: #China has just banned #Bitcoin again!— Bobby Lee - Ballet: World's EASIEST wallet! (@bobbyclee) September 24, 2021
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!
"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
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
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.— Ryan Selkis (@twobitidiot) September 24, 2021
The only thing that separates them and the CCP are constitutional checks from the opposition party & SCOTUS.
It’s high time that Indian Government, RBI & other regulators take a clear stance towards #cryptocurrencies— Mihir Vora (@theMihirV) September 24, 2021
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
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
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— Johnnie Jacks (@johnnie_jacks) September 24, 2021
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
2013 banning of bitcoin in China:https://t.co/LypRNb7EI8— Cryptoyieldinfo (@Cryptoyieldinfo) September 24, 2021
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.
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
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
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
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
Yeah, just what we need on our already stressed and fragile electrical grid.— Samantha LaDuc (@SamanthaLaDuc) September 24, 2021
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
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