China: Declares crypto-currency transactions as illegal

[Blog (VitraCash Blog)]

Earlier this week, news broke that China's central bank - The People's Bank of China (PBOC) - has announced that going forward all transactions of crypto-currencies shall be illegal. This is seen as somewhat a strengthing measure of their 2019 crypto trading ban.

---

This is a companion discussion topic for the original entry at https://blog.vitracash.com/china-declares-crypto-currency-transactions-as-illegal/

[Steve]

I see BTC has taken a hit but it has been long over due a correction. The more extreme the growth the more unstable so I think for those with a vested interest it can only be a good thing. It’s not the first time China have done this and we all know the fear spreading throughout the financial power houses of losing control of a decentralised monetary system.

As mentioned before, I’d like to buy some VitraCoin (VTC)

[Steve]

Now there is a pump based on US commitments from congresss. Any advice on this space much appreciated.

[ryan]

Steve, what advice are you looking for?

I can do our best, but we have to be careful as we’re not financial advisors.

[Steve]

Perhaps advice is the wrong word. Just continuing the commentary from the original blog post.

[Steve]

wow that’s BTC up over 30% this week alone

[Petr]

But still 9 % down in 6 months perspective…

[Steve]

Keeping on the crypto topic here, I’ve signed up to the Pi Network although a little late to the party it seems!

Has anyone else? I think I understand what they are trying to achieve: Pi Network

[ryan]

Would you believe I have!

[Steve]

I just need more reliable friends in my security circle to make up for being late to the party, again.

[Kastello (Soeren / Sören)]

Haha yeah I feel you on that