The news or fake news?
In the censorship series, after Facebook , here is China :
"All websites offering crypto-currency trading services or advertising in the digital currency market have been removed from search engines and social media in China in an attempt to eradicate trading. ( Express.co.uk )
The authorities have already banned ICOs and shopping sites for individuals and are now blocking access to domestic and foreign services "to prevent financial risks".
S**t!
Dear readers, we are not going to give you a 10-word river explanation, but rather a few reminders:
Cryptocurrencies are very popular in Asia: China, South Korea, Japan
Russia and China have a strategy to create a successful economic space together. These two countries are among the first to have regulated, at least partially, crypto-currencies. And Russia seems to think that there is no way to ban cryptocurrencies .
Cryptocurrency is sometimes considered as a solution to circumvent the influence of dollars.
Recall that the dollar knows a sudden fall in recent days.
Is the Chinese government buying a huge amount of different cryptocurrencies and, to get it cheaply, creating such news to get them at the best price?
Some ideas for reflection
- Tapping once on the table will help regulate cryptocurrencies with, for China, a benefit related to fear
- Mining is a strategic advantage. To regulate and then control - indirectly - this activity allows to have a global weight as for the decisions taken for this or that cryptocurrency
- A decision of banishment - almost total - in China has an effect
- at first: terrifying
- in a second time: it is a monstrous advertisement in favor of the crypto-currencies.
Indeed, when China comes back on its decision we can be assured that ALL the Chinese population will have heard about crypto-currencies.
Recall that 90% of South Koreans have already heard of Bitcoin.
Moreover, this event is a clear proof that YES crypto-currencies allow to emancipate the influence of states and banks ... whether they like it or not.
The Chinese-American economic war seems to turn in favor of China. The book "The Art of War" was written by Sun Tzu, a 6th century Chinese general.