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No exchanges closing in China. Not much of a surprise to anyone who has been around for awhile. The so called ban was just another method to empty the pockets of noobs; although, even some seasoned players were burned this time. Market manipulation at it's finest.

With the continuing ICO scam it's really no surprise that regulation was coming. Watch for exchange closures. The main exchanges with the money to comply will continue operating.

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure/


Edit: Have to confirm news about closing of some exchanges. Since China has closed exchanges in the past and then allowed them to reopen under more scrutiny this may be temporary.

https://techcrunch.com/2017/09/14/china-bitcoin-exchange-suspended-bttc-china/

Thank you very much. Oh how much panic has been raised because of this, you only look at the chart!

even GreatBritan talk about ICO and regulation , could be a good thing

-> https://www.btc-echo.de/regulierung-britische-finanzaufsicht-aeussert-sich-zu-icos/
Link is in German - google Translate could help

But i have also found this news ->

https://twitter.com/YourBTCC/status/908285586368167936

thanks

I think you are wrong, the btcchina.com made an announcement that it will be closed on 30th, September, there is the link:https://www.btcchina.com/. btcchina.com is one of the largest bitcoin exchange in China, so after this announcement, the prices dump a lot.

Thanks for the link and already presumed that this is the thing they are aiming now.Weak hands did really fall out to the trap and now i do see another pump soon on the price either on Bitcoin or on altcoins in the market.I cant really think off that they would really close exchanges and as i suspected those are all just FUDS and making rumors to make some effects on the price and regarding on regulation on ICO i think it would really be just fine to lessen scam ICO's.

Regulations = more fee's??

among the three big ones, okcoin.com and huobi,com havent announced yet, but i think it will follow btcchina soon, the rumor all exchanges shall be closed will come true in this month

According to teh following thread, a Chinese exchange called Yunbi will close in three months:

https://www.reddit.com/r/BitcoinMarkets/comments/6zok0c/yunbi_were_to_close_down_in_three_months_original/

The information is quite valuable and can make most people panic becomes smiling. Hopefully china think twice about the rules they make because china is the country with the most investors and maybe china is the holder of the kripto world power (maybe

I'm sure that some of exchanges were announced their closing for their service because they can't be sure to keep obeying the rules or else they've broken it from the start.
so, after all, all of these coins will soon be pumped again and back to its past rate, how beautiful, all affected by mere a regional regulation.

1/ After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.

https://twitter.com/YourBTCC/status/908285586368167936

Everything is crashing hard, run for the hills!

If China ban all their exchange they still have a way to create new exchange in another country. and they still have many way to exchange money to crypto currency

That is true, some Chinese friends have told me that information a few days ago, so I sold almost all my coins, which seems to be a wise decision, I the Chinese market is really big that will have significant effect on the whole market.

News agencies are very interested in flash bright news. Their earnings directly depends from count of traffic they attract. That's why there are so many fake news, especially about China, crypto regulations, ICO bans and so on. You must always watch only official claims that stated at official resourses. That's it. There is no ban of crypto or ICO at China!

You seriously underestimate the effects of China wanting to control the uncontrolable. They don't want people making money they can't track or tax, so they're doing everything they can to stop that. They claim it's to protect their citizens, but they want to protect their own money and power, end of story. Look, in the long haul, cryptos will become king, but the upcoming months will be bearish, trust me. We're gonna end 2017 under the 100 billion cap, but hopefully we'll end 2018 above the 200 billion cap

first of all bitcoin and altcoins are not illegal or banned or anything in China.

secondly trading these are not banned either. the Chinese government even explicitly said they have no issue with OTC trading of cryptocurrencies.

finally i agree that they just want a stricter control and regulations over these exchanges which are truly handling large amounts of money.
to put simply if you had a potato selling shop and you were handling millions of CNY every day, the government would have come down on you the same way.

I think we will have a calm period, of a few months, could be a year, until everything settles and gets back up

as far as i know, closing the btcchina exchange is permanent, maybe there will be new exchanges open in the future, but they are never the previous ones

is it true 20% btc held by chinese investors?
I am confused as to why what happens in China can be so great as to influence the world of crypto  ??? ???

I am totally confusing what is happening in the bitcoin world. And every day we are getting new news from China. Don't know which news I want to believe and which is not. Some people are telling btcchina exchange s closing permanently, and some people are telling it is fake news. But it is affecting to the bitcoin price. It's falling.

The Chinese market is just 15% of the global market of bitcoin. Moreover, China has banned only sharing, but many Chinese citizens are also engaged in mining, and the government has not banned!

This is where the real involvement of Government starts. After BTCChina stated they will be closing their trading operations on 30th Sep, everybody started to panic and the results are incredible. A straight 15% decline in a matter of minutes. This made the price break the downside "free fall" level at 3600 and therefore it has confirmed the possibility of something unexpected. Governments are trying to stop everyone hiding their finances from them and that's why they have taken this step, I believe I was wrong when I was thinking that China's role doesn't matter at all. All other services stay open like mining and other such activities being borne by them. The decline was sharp this time and we should take a lesson from this that if a major country backs off of Bitcoins, it's growth may be subdued in such a way that stability may decrease as well as the value will decline too.

that's the best way for those Chinese who still wanted to stay with this investment allowing their coins to be transferred inside any western exchange
the news of the closure of those Chinese exchange really affecting almost everyone around crypto.

really. I think China hold 40% bitcoin of the world. do you see their mining factory. BTCCC and Yunbi say will close their exchange had made market fall down. Tomorrow maybe will be Blood Friday

Actually the Chinese Exchange OKcoin has dropped the price of Bitcoin to $3,000 in today.
It created a bearish trend in other markets, of course now we do not see any exchange makes the price of Bitcoin continue falls down after go to around $3,500.

Think that china wants to find a way to controll the market or event get a little peace of the cake !
They dont want that everybody get rich as fast...

The only reason why bitcoin is going so low nowadays is the reaction of the people. Panic is the main reason why people who are bitcoin holders are easily swayed by such news. Weak resolve to stay strong and remain with bitcoin amidst turbulence such as this is sorely lacking in people.

Its simple, chinese are moving their assets out of china without giving their government notice of it, which is forbidden, the chinese gov wants to control the wealth that goes in and out of the country and since these ICOs have pretty much screwed what was a profitable business for all the chinese finance regulators are now seeking solutions to keep the money and assets in.

The thing is, china doesn't have that much power its the people that invest in bitcoin and other currencies that are that stupid and greedy, exchanges, news sites with interests in this and that currency and shady individuals that profited from all this spreading panic and confusion, thats one of the issues at the moment.

If china bans exchanges people can still go around them with vpns or out of country exchanges it just takes time to plan and setup.

The worst problem until now are the ICOs and the individuals behind them, this is the only thing needing a permanent ban, everything else so far kept the ecosystem running smoothly.

Anyways if people keep their shit together and keep trading normally things eventually even out as the markets stabilize and climb again.

True, but the governments are not without sin. They want the biggest piece of the pie and if they can't have it, no one can. But, like you said, the people are to blame as well. A majority of chinese investors invest in coins because they heard someone talk about it. They don't know the coin, the team, the roadmap, nothing. That's how a lot of them end up broke, which is of course bad for the chinese economy

the question is whether investors and bitcoin holders from China will stay silent? I think no, there are still pairs to USD, maybe they will move btc to USD

They will, most of them are scared retards who have no clue where they invest their money. They see the market drop and they sell instead of waiting for a low point to buy

No one knows the exact percentage, as Bitcoin is a very anonymous form of currency. But my guess is that the Chinese holdings will be somewhere between 10% and 20%, after studying the trade volumes of various Chinese exchanges. That makes China one of the Bitcoin "superpowers".

China holds about 15% of the cryptomarket, but that number is dropping each year. I guess chinese people needed cryptos more than we did, but that's slowly changing. Sooner rather than later, not only will China reconsider, they also won't be able to manipulate it as much. We'll end 2017 under the 100 billion cap, but we'll end 2018 over the 200 billion cap, no worries

@shyliar
your title is very misleading!
Chinese exchanges are closing down: true
but it is just regulations: again true

there have already been a couple of statements from them. i believe it was Yunbi or something that said they were operating without license so the government closed them down.

The original title was "No exchanges closing in China - just regulation" which news sites were reporting and was true when I started the thread. I supplied two links indicating so. Then the news changed and it became obvious that exchanges were shutting down. Then the edit in parentheses was added.

The edit indicates that the original title is no longer true and it's not.

More correct title would be: no Bitcoin ban on China, just more regulation