Agricultural Bank of China prohibits the use of its services for virtual currency transactions such as Bitcoin | Crypto Craft

  • Agricultural Bank of China prohibits the use of its services for virtual currency transactions such as Bitcoin

Added at 1:49am

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HudithePfupf
Jun 21, 2021 4:33am
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As expected regualtion doesn't shut down the cryptos itself, but it will shut down your ability to do something with your useless coins and change them back into fiat. Just the begining... more to follow.
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TudorIoan
Jun 21, 2021 3:52am
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Neah, China eventually figured out that bitcoin's untraceability is toxic and favors fraud, tax evasion, and money laundering And this is fkn unacceptable for a respectable totalitarian state
It's funny how they thought at first it can ONLY destroy US dollar's supremacy
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TudorIoan
Jun 21, 2021 9:09am — Edited
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Quoting Guest
“As expected regualtion doesn't shut down the cryptos itself, but it will shut down your ability to do something with your useless coins and change them back into fiat. Just the begining... more to follow” Maybe in china boyo, but the us prefers to tax shit that moves, rather than ban it. IRS jusy wants its cut, then we’re all good.
The US is not that stupid, ...boyo.

If this crypto joke goes t0o far like getting closer to Gold Mkt.Cap. making it @500K a piece because there's cheap money everywhere, it might absorb a big chunk from the "stimulus" - even more than the stocks bubble -
and that's pretty subversive.
Add that China already weaponized bitcoin, 51% attack possible anytime at their will. Just wait for the right time to launch it.
So, bitcoin in the West ? Ban it will be ...just a matter of time.
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umbrella man
Jun 21, 2021 1:56am
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Maybe China figured out that NSA built BTC? Where is my popcorn
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Trader#17AF
Jun 21, 2021 6:25am
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“As expected regualtion doesn't shut down the cryptos itself, but it will shut down your ability to do something with your useless coins and change them back into fiat. Just the begining... more to follow”

Maybe in china boyo, but the us prefers to tax shit that moves, rather than ban it. IRS jusy wants its cut, then we’re all good.
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