JUST IN: Fear Grips Pioneers As Expert Revealed Pi Network May Be Ban In China


In a startling revelation, economist and financial expert, Dr. Christopher Jing, has sent shockwaves through the Pi Network community by suggesting that PiCoin, the network’s cryptocurrency, may face a ban in China.

Dr. Jing, known for his insights into global financial markets, has cast doubt on the widespread belief among Pi Network pioneers that PiCoin could potentially become a dominant global currency. He cited the stringent regulations governing currencies worldwide and questioned how a non-governmental currency could supplant traditional fiat currencies.

Of particular concern, according to Dr. Jing, is China’s strict control over its capital account policy, which restricts the movement of money into and out of the country. He emphasized that compliance with foreign exchange rules is mandatory for companies, banks, and individuals operating in China. As a result, he warned that PiCoin, being a crypto asset, might be vulnerable to being banned in China due to its decentralized nature.

Addressing misconceptions about his stance, Dr. Jing clarified that he did not wish for Pi Network to fail but rather sought to provide a realistic assessment of the challenges it may face in achieving widespread adoption. He underscored the fundamental difference between cryptocurrencies and fiat money, highlighting that cryptocurrencies operate independently of government regulation.

Cryptocurrencies, including PiCoin, are digital currencies created using encryption algorithms and function as alternative forms of payment. Unlike fiat money, which is issued and regulated by governments, cryptocurrencies rely on decentralized blockchain technology for their operation.

As Dr. Jing’s warnings reverberate within the Pi Network community, pioneers are grappling with the implications of potential regulatory hurdles, especially in major markets like China. While the future of PiCoin remains uncertain, Dr. Jing’s insights serve as a sobering reminder of the challenges facing decentralized cryptocurrencies in a complex global financial landscape. Read Similar Story


10 Responses

  1. Keep mining Pi! Reactivate if you have given up! Pi is well worth your few second a day effort. It is the only free mining Layer 1 crypto project with over 100 million people joined and 50 million miners active. Remember , money goes to wherever people are. Pi communities in over 230 countries worldwide are the most vibrant communities. It has over 2.9 million followers in X and will soon catch up with the 2nd most popular crypto Ethereum ‘s 3.2 million. The long journey of 5 year development is near completion. Pi Network has plan to open mainnet in 2024, your efforts will be greatly rewarded soon! The Pi IOU has been trading in several exchanges since January 2023 and the price is at over $30/Pi. Why do you think that it can commend such a high price before it even officially goes public? Please think harder!

    Mine Pi for free on your phone!
    I am sending you 1π! To claim your Pi, follow link https://minepi.com/yajer72 use (yajer72), your invitation code.

  2. Hi ☃️ Snowman! Join my team on ice and receive 10 ice coins when you sign-up using my referral code: kanest
    https://ice.io/@kanest

    📢 Double thrill: OKX & UNISWAP unleashed!

    🚨Big news alert! 🚨 Ice is tradable on OKX and UNISWAP!

    ✅ Are you ready to ride this crypto wave with ICE on OKX and Uniswap? It’s a dynamic duo unlocking endless possibilities!

    🌊 Let’s make waves, shake up the blockchain world, and keep this ICE train rollin’!

    ☃️ Snowman,

    📈 $ICE @ice_blockchain Trading is now open on #PancakeSwap on the #BSC network!

    👉 #BSC $ICE Token address: 0xc335df7c25b72eec661d5aa32a7c2b7b2a1d1874

    🌟 Trade Now!

    All the best,
    Ice Team

    #iceNetwork #IceListing #crypto #OKX #Uniswap #ICE #PI #PiNetwork #Web3 #Kyc #X #Binance #Crypto #PancakeSwap #BSC
    #Asia #China #Malaysia #Philippines #Singapore #Indonesia #India

    1. Dear Netizen Crypto Farmers,

      Join my team on Ice and receive 10 Ice coins when you sign-up using my referral code: https://ice.io/@aashis88

      Use referral code : Aashish88

      ICE Crypto is listed on OKX, UNISWAP, GATE.IO & POLONIEX; price of 1 Ice Crypto is around 0.40 cents to 1.10 cents ( US Dollar )

      Join ICE with referral code “Aashish88”
      to mine ICE Crypto currency.

      Aashish88

  3. Dotchain mainnet is launching 50X to 90X faster than any other blockchain project, which allows users to earncoins using a handy device. Use this link to join and start mining DOT & Play games to Win ACE https://dotchain.network/refer/Qazi222 Use my invitation code(Qazi222)to get 1.5/hour base rate

    1. Dear Netizen Crypto Miners,

      Here is my invitation code for Alpha Network. Use the invitation code: Aashish88. Download the app at http://www.minealpha.net and get 1 Alpha Coin for free!

      Aashish88
      is the Invitation code
      Check, price of Alpha Crypto Coin on goggle
      Happy Mining & EARNING

      Aashish88

  4. Mine Pi for free on your phone!
    I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/dreamtreats
    and use my username (dreamtreats) as your invitation code

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts