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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > china to ban exchanges but allowing OTC trades
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onyebuchi81 (OP)
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September 11, 2017, 06:11:49 AM
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China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week.

The ban will only apply to trading of cryptocurrencies on exchanges, but will still allow over the counter trades [OTC]https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20
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