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Submitted via IRC for SoyCow5743
When the Chinese government announced a ban on initial coin offerings last week, it looked like an attempt to rein in the speculative excesses of the cryptocurrency economy. But now it seems like it might have been the start of something more ambitious: a coordinated campaign to shut down use of cryptocurrency in the Middle Kingdom.
The full extent of the Chinese crackdown isn't clear yet, in part because key decisions have only been communicated privately to Chinese Bitcoin exchanges. But a couple of Bitcoin exchanges have now announced that they are shutting down. And leaked documents suggest that the rest will be required to do so before the end of the month. Chinese users will be given a chance to withdraw their funds before the exchanges shut down.
"BTCChina encourages customers to withdraw their funds as quickly as possible," one of the exchanges wrote in a Friday tweet. "Customers can withdraw their funds whenever they want."
Bitcoin has always been something of an awkward fit for China, which strictly regulates financial markets and limits the flow of funds overseas. Chinese officials have apparently concluded that Bitcoin has become too popular as a way to circumvent those regulations.
Source: https://arstechnica.com/tech-policy/2017/09/china-may-be-getting-ready-to-ban-bitcoin/
(Score: -1, Troll) by Anonymous Coward on Sunday September 17 2017, @04:53PM (7 children)
Cryptocurrencies may be used to destabilize a country. I think that is what is happening. China is in the crosshairs of the jewish conspirators who want to destabilize it and take what belongs to the Chinese. The American dollar is falling and going out of dominance. The Americans under jewish conspiratorial guidance want to return total control to the American dollar.
(Score: 1, Informative) by Anonymous Coward on Sunday September 17 2017, @05:04PM (4 children)
Hey conspiratard! Yeah you, racist fucking MORON!
The whole middle east situation is about control of energy, and the US spends a shit ton of money on Israel in order to maintain a military (and nuclear) presence. This "omgerd der jeeeeewws" is a fucking tired meme pushed by the dregs left over from the 40's.
(Score: -1, Offtopic) by Anonymous Coward on Sunday September 17 2017, @05:18PM (2 children)
Why are boys' cocks surgically reconstructed by obstetrician/gynecologists?
Because two Jews (an OB/GYN, and an engineer) created the GOMCO clamp and tenaciously promoted circumcision as an OB/GYN "service".
You don't need an explicit conspiratorial cabal in the traditional sense; a shared culture, and a strong work ethic achieve the same effect.
When Jews are on the correct side of an issue, they are a fantastic asset; when Jews are on the wrong side of an issue, they are menace to the species.
(Score: 1, Informative) by Anonymous Coward on Sunday September 17 2017, @05:53PM (1 child)
No fucking shit, ditto the Germans, ditto the Japanese, ditto the Russians / Chinese / Saudi Arabians / Swedes / Spaniards / Ugandans / do I need to continue?
You're a total and complete git.
(Score: 2) by maxwell demon on Sunday September 17 2017, @06:56PM
You mean he can be used for version control? :-)
The Tao of math: The numbers you can count are not the real numbers.
(Score: 0) by Anonymous Coward on Sunday September 17 2017, @06:19PM
What are you hiding behind, JIDF warrior?
Did you hear that oil is being replaced with batteries? When there is low usage of oil for the world, the American dollar will go permanently. China is moving away from the American dollar and oil too, and hence the destabilization attempts at China. The jewish scum does not like its permanent supply of money going dry, hence the cryptocurrencies hype and then the Chinese blocking them.
Also, did you hear that crypto currencies are also Fiat currencies and have nothing backing them? They can go away in one night. You of all people should know that, jew rat.
Everybody, expose the jew for the jew does not like it.
(Score: 0) by Anonymous Coward on Sunday September 17 2017, @08:10PM
LOL pal, do you think china got western technology all by themselves? europe raised the usa and the ussr, they raised china, china is raising africa. eu will be the new africa. We have always been at war with eastasia.
(Score: 0) by Anonymous Coward on Monday September 18 2017, @02:09AM
I'm not certain bitcoins were a major consideration in BRICS' decision to move away from the US dollar after the riots next year. The major concern was the capability to buy oil without being tied to a dying empire's currency.
As we all learned one winter morning in 2025, that dying empire would rather be the last empire for maybe 1,000 years than allow another empire to usurp its crown.
UNLESS