{"id":43731,"date":"2021-06-03T19:34:01","date_gmt":"2021-06-03T16:34:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43731"},"modified":"2025-08-31T13:39:53","modified_gmt":"2025-08-31T10:39:53","slug":"chinese-media-bitcoin-trading-is-not-banned-but-safeguards-for-ordinary-investors-are-needed","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chinese-media-bitcoin-trading-is-not-banned-but-safeguards-for-ordinary-investors-are-needed\/","title":{"rendered":"Chinese media: Bitcoin trading is not banned, but safeguards for ordinary investors are needed"},"content":{"rendered":"<p>Bitcoin and other digital asset operations are possible if citizens are prepared to assume such risk. At the same time, advertising of &#8216;profitable assets&#8217; is to be tightened, writes <a href=\"https:\/\/www.8btc.com\/article\/6644819\">8btc<\/a> citing the Chinese information agency Xinhua.<\/p>\n<p>Such formulations &#8216;about the freedom to buy\/sell cryptocurrencies&#8217; appeared back in 2013 in a joint statement by various government agencies, the paper noted. It was signed by the People&#8217;s Bank of China, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission and a number of other agencies.<\/p>\n<p>According to Xinhua, regulating cryptocurrency trading requires a comprehensive approach. Different authorities must exercise oversight within their respective mandates.<\/p>\n<p>Jason Choi, a partner at Spartan Group, in light of <a href=\"https:\/\/u1f987.com\/en\/news\/china-criticises-bitcoin-and-mining-market-falls\">recent events<\/a>, is convinced of the growing popularity of decentralized platforms such as Uniswap.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hypothesis: if China further curtails the use of leverage on centralized exchanges, the primary beneficiary would be AMM exchanges built for long tail shitcoins <a href=\"https:\/\/t.co\/N1drsKeYif\">https:\/\/t.co\/N1drsKeYif<\/a><\/p>\n<p>\u2014 Jason Choi (@mrjasonchoi) <a href=\"https:\/\/twitter.com\/mrjasonchoi\/status\/1400349864840417282?ref_src=twsrc%5Etfw\">June 3, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Canaan Creative <a href=\"https:\/\/u1f987.com\/en\/news\/canaan-defends-bitcoin-mining-in-china\">took a stand against<\/a> the indiscriminate crackdown on mining in China.<\/p>\n<p>Officials in China&#8217;s Sichuan Province, one of the world&#8217;s Bitcoin mining hubs, <a href=\"https:\/\/u1f987.com\/en\/news\/media-sichuan-to-assess-impact-of-bitcoin-mining-ban-on-the-energy-sector\">held a seminar<\/a> on the use of surplus hydroelectricity in conditions of the ban. The media reported that the meeting with local miners <a href=\"https:\/\/u1f987.com\/en\/news\/sichuan-authorities-meet-local-miners-in-a-positive-mood\">took place in a cordial atmosphere<\/a>, but without adopting any resolutions.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and other digital asset trading is possible if citizens are willing to bear such risk. At the same time, advertising of &#8216;profitable assets&#8217; will be tightened, writes 8btc citing the Chinese information agency Xinhua.<\/p>\n","protected":false},"author":1,"featured_media":43732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1305,133],"class_list":["post-43731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-ban","tag-china"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43731"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43731\/revisions"}],"predecessor-version":[{"id":43733,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43731\/revisions\/43733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43732"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}