Who can explain why prices is going up again?)

Dastan Zhanibek

Looks like a major escalation. Exchanges will ban Chinese users, which basically means that regular users have no way to invest in crypto. Can use decentralized and shady exchanges, but that’s hard to do fiat to crypto exchanges 

https://www.reuters.com/technology/cryptocurrency-exchanges-rush-cut-ties-with-chinese-users-after-fresh-crackdown-2021-09-27/

Looks like a major escalation. Exchanges will ban Chinese users, which basically means that regular users have no way to invest in crypto. Can use decentralized and shady exchanges, but that’s hard to do fiat to crypto exchanges   https://www.reuters.com/technology/cryptocurrency-exchanges-rush-cut-ties-with-chinese-users-after-fresh-crackdown-2021-09-27/

Beijing's new blanket ban on all cryptocurrency trading and mining - the broadest yet by a major economy - has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients.

Cryptocurrency exchanges scramble to drop Chinese users after Beijing's ban

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Jerome Cody

It looks harsh yes, not sure that’s quite like previous “bans”

China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown
China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities illegal and vowing to crack down on the market. In a Q&A posted to its website, the People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said. The price of bitcoin sank over 6.5% in 24 hours, last trading at around $41,882, according to Coin Metrics data at midmorning Friday ET. Ethereum, the second-largest digital asset, fell 9% to around $2,867. It’s not the first time China has gotten tough on cryptocurrencies. Earlier this year, Beijing announced a crackdown on crypto mining, the energy-intensive process that verifies transactions and mints new units of currency. The PBOC is also working on its own digital currency.

https://www.cnbc.com/2021/09/24/china-central-bank-vows-harsh-crackdown-on-cryptocurrency-industry.html #Crypto

China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities illegal and vowing to crack down on the market. In a Q&A posted to its website, the People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said. The price of bitcoin sank over 6.5% in 24 hours, last trading at around $41,882, according to Coin Metrics data at midmorning Friday ET. Ethereum, the second-largest digital asset, fell 9% to around $2,867. It’s not the first time China has gotten tough on cryptocurrencies. Earlier this year, Beijing announced a crackdown on crypto mining, the energy-intensive process that verifies transactions and mints new units of currency. The PBOC is also working on its own digital currency.  https://www.cnbc.com/2021/09/24/china-central-bank-vows-harsh-crackdown-on-cryptocurrency-industry.html #Crypto

China's central bank renewed its tough talk on bitcoin, calling all digital currency activities illegal and vowing to crack down on the market.

China's central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown

This has to be the 20th time that China has banned bitcoin,” Meltem Demirors, chief strategy officer at CoinShares, tells CNBC Make It. “There’s always something ‘different’ about the bans, but this happens all the time and it’s never really dramatic in the larger scheme of things.”

Dastan Zhanibek

A group of likeminded people in Crypto are talking about this.