Fake News: China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally

[knircky]

I just came across this news article claiming crypto has been legalized in China.

https://www.btcnn.com/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally

According to the post it is now legal tow own cryptocurrency and for businesses to accept them.

That would seem a huge reversal and open the door for exchanges in china again.

Can anyone confirm this? It seems like huge news ro me that ought to move the needle quite a bit

Update

Thanks to @vimukthi for pointing out that this is not really correct. I was wondering why this was not bigger news.

Comments

[vimukthi]

Unfortunately it's not true: https://tokengraph.org/2018/11/10/chinas-lifting-of-bitcoin-ban-is-fake-news/

[amayahaley21]

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[niallon11]

If that's true it will be a huge boost across the whole crypto world. I'm sure we will see a lot more about it today if it's confirmed.

[cata22]

Indeed

[jmehta]

China was just waiting for the right low price to grab a bunch of Bitcoin. China wants control of the future coins

[cata22]

Or maybe it is trying to make sure its citizens grab a bunch of BTC at the right price

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[joshuaetim]

This particular news has given me so much joy today already. I am confident of the fact that one day, Bitcoin and blockchain will change the world drastically.
Thank you @knircky

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