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Author: Admin | 2025-04-27
Avoid FUD. The best way to avoid crypto FUD is to DYOR, Do Your Own Research, and learn the ins and outs of crypto. When faced with blatantly false FUD crypto enthusiasts oftentimes know what to look for. Now you might be thinking that you’re too new to crypto to identify crypto or Bitcoin FUD. If so, enroll in Ivan on Tech Academy and learn all there is to know about cryptocurrencies! Join over 30,000 students at our premier blockchain academy!”China Bans Bitcoin”It will seem to some that headlines announcing ”China bans Bitcoin” or ”China bans crypto” are almost as frequent as headlines claiming ”Bitcoin is dead” (at the time of writing, 99Bitcoin’s Bitcoin Obituaries says Bitcoin has been declared dead 413 times). Likewise, the phrase ”China bans crypto” has nearly become a meme on its own. Before going into the details, make sure not to panic over the recent flurry of headlines declaring that China is banning Bitcoin. No, China did not just issue a blanket ban on the asset class for Chinese individuals holding cryptocurrencies. In fact, Chinese law protects virtual private property like cryptocurrencies. Chinese industry bodies did, however, reiterate an existing ban from 2013 and 2017, which states that financial and payments institutions cannot offer cryptocurrency services to clients.Now, although China hasn’t outright banned cryptocurrency ownership, it is clear that China is trying to deter it. After going through the recent ”China Bans Crypto” Reuters article that kickstarted this latest discussion, we’ll go through China’s Bitcoin
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