Why China Crypto Ban Rumors Dey Always Show Again
Tori wey say China don ban crypto dey come up now and then. On August 3, social media dem talk say China come do fresh ban wey go affect crypto trading, mining and other service dem. But for real, di last major crackdown wey Beijing do na September 2021. Regulators under People’s Bank of China stop all crypto transaction and mining because of worry about power use and money waka. Even though government don ban am officially, illegal mining still dey happen for China, and market dey shake anytime dem hear say e fit get policy change from big economy dem. Traders no too dey watch China policy well well, so this false alarm dey cause market fear and wahala. For future, dem fit still hear rumor about China crypto ban, but no policy change dey expected.
Neutral
To categorize dis news as neutral show say e no really get much effect for market. De article dey debunk false China crypto ban rumors instead of reporting any new regulations. Old times when dis kind rumor show for 2013, 2017 and 2021, e cause small price drop, but price come back after traders confirm official policy. The main ban happen for September 2021; no new measures waka come. So traders no go change their positions just because people dey talk recycled rumors. Short-term volatility fit increase because fear, uncertainty, and doubt (FUD) for social media, but long-term market stability no go shake. Real regulatory updates from big economies dey really affect demand, so silly China crypto ban talk no dey change how people feel about market fundamentals.