China banning trading will likely be a long term positive for 0x
With the upcoming half for crypto trading in china, the need for decentralized exchanges is even more apparent if it wasn't already. Governments being able to shut down exchanges is the exact thing crypto intended to prevent.
I've been considering using a new exchange for crypto trading, and Binance came to my attention for some reasons, like trade volume and API-friendliness. However, since it's chinese, and the future of crypto trading in China is uncertain, given the recent government moves towards bans and/or extreme regulations, would you say it's safe to use Binance on a mid and long-term basis? Could the chinese government simply demand the shutdown of Binance if it decides to prohibit crypto exchanges in the country?
At one point, buying, storing and selling cryptocurrencies in China was an easy affair. Many of the world’s leading cryptocurrency exchanges were based out of the mainland and had a decent native trade volume on their platforms. But come 2017, the government of China banned cryptocurrency trading and enforced a blanket ban on the market. It changed the landscape of crypto trading in China and caused many crypto companies to move overseas. But the resilience and perseverance of Chinese crypto entrepreneurs are remarkable, which So what’s crypto trading in China really like? Let’s begin the examination by recalling the circumstances of the ICO ban. When ICOs were banned. On the 4th of September 2017, seven Chinese governmental agencies jointly issued a notice regarding the Prevention of Risks of Token Offering and Financing. These agencies include the People’s China's plans for a digital currency could serve as a "foundation" for the yuan's internationalization, allowing it to be distributed across the globe, says Circle's Jeremy Allaire. With a low inflation rate of around 3%, China’s economy is relatively stable and investment-worthy, even in light of the ongoing US-China trade war. As a result of its sheer size, China has a profound impact on the crypto market, especially in terms of price movements.
CHINA's new CRYPTOCURRENCY The FUTURE of MONEY? Bitcoin News Crypto Trading
China is snapping up crypto mining rigs for what they claim is illegal mining operations. Ethan Pierse takes a look at the situation. ... Bitcoin Live Trading With Crypto Trading Robot DeriBot on ... A great Cryptocurrency Trading Exchange is a must if you want to make a ton of money trading crypto currency. List of the Best cryptocurrency trading Exchang... DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don't make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already ... Bullish Bitcoin Bears, FREE CRYPTO GIVE AWAY!!, All Banks Are Broke & IOTA Network Hack & Shutdown - Duration: 38:54. The Modern Investor 7,360 views. New A Financial Weapon of Crypto Mass Destruction? Bitcoin derivative NUKES getting prepared for launch by the Chinese Whale Miners!!? There is data that suggests just this, the rise of mining ...