China banning crypto from financial institutions

Might see some fallout from this:

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WOW. Many things can happen, but most likely the ccp will probably use this new ban to arrest and strip the wealth of the bigger crypto movers in china.

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Say goodbye to HPOOL.

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That was my initial first gut reaction too, but they haven’t banned people from holding it. Just local exchanges and banks who might deal crypto. So theoretically they can just use offshore wallets.

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we can live in hope lol

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HPOOL does not supply any financial service, I think it’s ok

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and China has been doing crypto bans since at least 2013 that i can recall, so i doubt this story is really anything to worry about at all…

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Nothing has changed. Apparently this was just Reuters being wrong in their interpretation.

Thats most likely IMHO. Otherwise we’d see BTC at 15k I assume

Oh BTC is aiming for 12k, just give it time…