China-fud was always the funniest of all the FUDs. I personally have enjoyed it thru the years....

freetx

This is a good reminder of how quickly misinformation can spread in crypto circles. The China FUD cycle feels like it’s on repeat every few months, but facts matter and nothing new has changed since the 2021 mining ban. It’s important to rely on official sources like the State Council and avoid jumping to conclusions based on recycled headlines or unsourced tweets. As Bitcoiners, we talk a lot about trustless systems, but ironically, many in the space still fall for the same old narratives without verifying. Thanks for the clarification truth travels slower, but it sticks better.



RamPl

bitcoin

> It’s unclear where this information came from, or what sourcing (if any) these accounts used. But they are false, not the least of which because China already banned bitcoin mining on a province-by-province basis in 2021. 
>
> “It’s fake news. There’s no official announcement or ruling,” Luxor Head of Hardware, Lauren Lin, told Blockspace.
>
> She added that the Chinese government has not updated any documentation on its website that would indicate any addendums to the 2021 ban. 
>
> “The State Council of the People’s Republic of China holds the highest executive power, making its pronouncements the definitive source,” Lin said. “While local governments, the central banking system, and judicial system may issue their own rules, these must always align with the State Council’s directives.”