Chinese Regulators Crack Down on Bitcoin Exchanges

[Strategic Coin]

Chinese regulators issued closure notices to bitcoin and cryptocurrency exchanges last week, informing them that they must voluntarily shut down.

On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.

READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/

[DaMut]

thanks for sharing,
this issue had been released by them a week or two weeks ago if i remember it correctly,
and because of this we can see a huge deep down and downward movement for the past few days.
but this topic had been discussed before by many people in this forum what is the reason they did it.
a lot of people have their opinions regarding this problem and upcoming shutdown for everyexcanger that reside in the chinese.
other than that i also got an email from chinese cloud mining that they're not sure can operate their services again if they ban it completely.
the most important thing that i know is(probably) 'they did not openly said it in the public,and i am sure we still can see ray of hope from it'.
so take it easy and watch the shows from the sideline

[Razick]

Why do topics such as this get reposted over and over on a continual basis and not deleted? Just saying it makes no sense to have space taken up on our forum by such threads which simply reiterate the same thing without any new information at all. I could see if there was some legitimate update, but useless reposting of things like this is pointless.

[rjbtc2017]

Chinese regulators issued closure notices to bitcoin and cryptocurrency exchanges last week, informing them that they must voluntarily shut down.

On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.

READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/

I hope they will continue doing this. I am happy that they are the one who distancing themselves to Bitcoin and Bitcoin Community, these bully government doesn't deserve to control bitcoin , If they will create their own coin then let it be, Angie is Angie, No one knows about her only herself. As if they will gain support from what they did, i just hope they will not get any support or investment from other people if they will really release their own coin.

[Pursuer]

Why do topics such as this get reposted over and over on a continual basis and not deleted? Just saying it makes no sense to have space taken up on our forum by such threads which simply reiterate the same thing without any new information at all. I could see if there was some legitimate update, but useless reposting of things like this is pointless.

because people are still desperate to get cheaper bitcoin and most of them are already too late and think by spreading the FUD more and more they can cause a panic to buy at low prices but they are all miscalculating their times. the time for FUD is over and the dip has ended. if you bought in the dip you can consider yourself a good trader with awareness of the market if not you are considered a weak hand.

at least what OP posted here is mostly truth about the Chinese situation. I keep seeing brand new accounts repeat the lies about Bitcoin being banned!

[amaral1977]

Chinese regulators issued closure notices to bitcoin and cryptocurrency exchanges last week, informing them that they must voluntarily shut down.

On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.

READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/

This is a few weeks old. What i´ve been reading around this China news is that they felt they had no grasp on the crypto exchanges nor had any part on the profits generated by them and ICO´s. So they came in hard with Threats of closure so that the exchange owners feel some fear and accepto to work on exchanges that are at least partly regulated or controled by the hardcore of China´s comunist party. They just want a piece of the pie and they are not willing to ask nicely, they just want to take it...

[betlord90]

Chinese regulators issued closure notices to bitcoin and cryptocurrency exchanges last week, informing them that they must voluntarily shut down.

On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.

READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/

This is a few weeks old. What i´ve been reading around this China news is that they felt they had no grasp on the crypto exchanges nor had any part on the profits generated by them and ICO´s. So they came in hard with Threats of closure so that the exchange owners feel some fear and accepto to work on exchanges that are at least partly regulated or controled by the hardcore of China´s comunist party. They just want a piece of the pie and they are not willing to ask nicely, they just want to take it...

Why these people keep bumping these issue while we already know that these event is existing and might its better that this topic will be closed so that there's no barricade of these current growth happening again on bitcoins. China closings of exchange is just a flavor and lets forget about and continue  our daily bitcoins task to earn.