• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

After China’s crackdown, a new ban on cryptocurrencies could come

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

China is raising regulatory stress on cryptocurrency organizations to hold Chinese men and women away from higher-chance investments.

After China's crackdown, a new ban on cryptocurrencies could come
After China’s crackdown, a new ban on cryptocurrencies could come

Ballet CEO Bobby Lee a short while ago talked about the affect of China’s ongoing crackdown on cryptocurrencies. Despite government help for the digital yuan, Lee recommended that Beijing has no curiosity in cultivating the cryptocurrency sector.

Related articles

What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
Investment capital flows into cryptocurrencies have grown for 8 consecutive weeks

Investment capital flows into cryptocurrencies have grown for eight consecutive weeks

November 21, 2023

Considering his clashes with the Chinese government in the course of the time he ran China’s initial cryptocurrency exchange BTCChina, Lee explained:

“China wants to regulate (cryptocurrency) to achieve the overall goal of globalizing the digital yuan.”

He extra that the Chinese government does not deal with the huge cryptocurrency technique that exists in the area. Emphasizing a wait-and-see technique, Lee pointed out that 2017 marks the starting of higher regulatory oversight and at this speed.

“I fear that in 4-5 years the country may completely ban cryptocurrencies.”

The current government ban on cryptocurrency mining and relevant transactions seems to aim to discourage citizens from engaging heavily in higher-chance investments due to the explosion in trading volumes. Adding to this considered, Lee explained:

“Bitcoin is not a direct competitor of the digital yuan. I will not consider the cryptocurrency sector will be impacted by China’s setback. “

Bitcoin’s decentralized international network has led Lee to feel that China’s stance on accepting or banning cryptocurrencies will not have an effect on Bitcoin or cryptocurrency markets in the lengthy run. To assist viewers realize Elon Musk’s current move in the direction of Bitcoin adoption in Tesla, the seasoned entrepreneur hopes to see a lot more Fortune 500 organizations in 2021 include a lot more Bitcoin and cryptocurrencies to their current wallets.

Due to current Chinese cryptocurrency laws towards risky trading, cryptocurrency organizations have begun to consider proactive actions to stay appropriate in the ecosystem. According to a current CT report on this growth, FTX announced that it would restrict its trading leverage to 20x, previously at 101x.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us examine the scorching subjects of the DeFi industry with the Coinlive administrators !!!

Maybe you are interested:

Tags: BanChinascrackdowncryptocurrencies
Share76Tweet48

Related Posts

SEI Price Surges 41% Amid Market Rally

by shark
June 25, 2025
0

SEI Network sees a 41% increase as broader crypto markets rise, driven by technical factors.

Schiff Proposes COIN Act Targeting Trump’s Crypto Ventures

by shark
June 25, 2025
0

Lawmaker Adam Schiff announced the COIN Act targeting Donald Trump's crypto activities following reports of his $57 million revenue from...

Circle’s Post-IPO Valuation Surpasses $66.9 Billion Mark

by shark
June 25, 2025
0

Circle's market capitalization surged post-IPO, driven by investor confidence and the GENIUS Act, highlighting regulatory impact on stablecoin issuers.

Circle’s Market Cap Surges to $63.89 Billion

by shark
June 25, 2025
0

Circle, led by CEO Jeremy Allaire, reaches a market capitalization of $63.89 billion following its latest IPO and U.S. regulatory...

Senator Schiff Proposes COIN Act Limiting Presidential Crypto Activities

by shark
June 25, 2025
0

Senator Adam Schiff introduces COIN Act to restrict U.S. leaders' crypto engagements, targeting ethical concerns.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • SEI Price Surges 41% Amid Market Rally
  • Unstaked’s $1 Million Giveaway Shines as XRP Wavers and SKY Climbs
  • BCH and HBAR Stall at Key Levels While Web3 ai Presale Surges Past $8.5M
  • Schiff Proposes COIN Act Targeting Trump’s Crypto Ventures
  • Circle’s Post-IPO Valuation Surpasses $66.9 Billion Mark
  • $410K from $20K? Arctic Pablo, Turbo, Moo Deng Lead Top Meme Coins to Invest in June 2025
  • Circle’s Market Cap Surges to $63.89 Billion
  • Analysts Say Qubetics Has 100x Potential While BNB and Solana Tread Water: All Top Coins to Join Today
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7