The regulatory crackdown in China against cryptocurrency trading platforms is happening once again. It all started yesterday as the exchange BTCC announced it was closing on September 30. Now the exchange Viabtc is also shutting down operations in mainland China on the same day, and more exchanges are expected to follow.According to reports, all exchanges that deal with cryptocurrencies in China must shut down operations to stay compliant with the country’s regulators. Following these rumors early this morning, the exchange Viabtc announced it would also be closing operations on September 30. The price of bitcoin is down 38 percent since the two Chinese exchanges made their announcements. At press time BTC is struggling to stay above the $3K price range.
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