Reactions As China Bans Use Of Cryptocurrency

China’s ban on financial institutions from issuing services related to Cryptocurrency to customers has generated a lot of comments on social media.

NAIJA NEWS NG brings you reactions from cryptocurrency users . Read below: 

GIGACHAD
@GIGACHAD2021

“DON’T PANIC SELL, you should be PANIC BUYING. False info on China, i have contacts in China buying DOGE even though the news is spreading they are banning it, people over there are still buying. It’s mostly about “MINING” not buying/selling. HODLER”

Eddie Griffin
@EddieGriffinCom

“China is making the cryptocurrency world tank this morning smh”

Greta Wall
@GretaLWall

“#NEW Crypto plunge intensifies after China barred financial institutions from conducting crypto-related transactions

Bitcoin tumbles below $35,000

Ethereum drops below $2,500

Doge falls below $0.35″

“WHO’S HOLDING?! #SAFEMOON RocketFull moon symbol
Gman
@GmanMoonhead

**If this doesn’t say good new!? You must not know! **

China crypto is just converting to Defi coins! The transfer has begun and Safemoon is the USA defi MASTER!”

Muhtari Adanan
@MuhtariAdanan

“Flag of China PBoC joint statement signalling further regulatory clampdown on #crypto caused prices to tank:

“is not a real currency”, “should not and cannot be used as currency in the market”…

— China is launching a #CBDC, and is #Bitcoin mining’s capital…”

Poisonous Pinups ♡’s DOGE
@poisonouspinups

“*BREAKING* talked with my business contact in China. There is no ban on #crypto there was a warning that they always do every few months. Do not panic sell! The media is reporting that there is a ban that is a lie, FUD! They are controlled by the heggies and maxis! #dogecoin”