Chinese Court declares Bitcoin to be a “legally protected asset”

in #esteem5 years ago

Source: https://dailyhodl.com/2019/07/19/chinese-court-declares-bitcoin-a-legally-protected-asset-report/

image

Wait ...i thought China banned bitcoin?

Wait..I thought India banned bitcoin? They even drafted a bill to be voted upon recently.

The truth in crypto is hard to reveal 100%.

Why? Power, Control, Greed etc....

You are talking about changing how the monetary system works and there are winners and losers and “old guard” does not like losing.

Will Bitcoin prevail — I think the Top 10 coins and a few others will do just fine.

I keep saying a country cannot turn it’s back on crypto usage and efficiencies. It would be long term suicide becuase their people would leave the country.

We can say we like the blockchain for truth, transparency and more. At the same time, governments have their own ideas —- there in lies the conflict.

I think there will be a “blend of usage” —- payment system changes — store of value (like gold) —- many applications which have nothing to do with currency as well.

China cannot be blind to this. Perhaps they will come forward with thier “own” crypto so they can be in charge.

Taxes play a HUGE role in all of this....governments want their taxes.

So many FUD news stories in these turbulent times.

Never boring.

Sort:  

That means banning it doesn't work or it is unbannable