“All” Chinese Bitcoin Exchanges Must Close By September 30

[prdn]

“All” Chinese virtual currency exchanges must stop trading to remain compliant, regulators have announced.

Information slowly appearing from China appears to confirm that trading will no longer be legal for Bitcoin-to-fiat platforms.

https://cointelegraph.com/news/breaking-all-chinese-bitcoin-exchanges-must-close-by-september-30


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Düzenleyiciler, tüm Çin sanal para birimlerinin uyumlu kalabilmesi için ticaretlerini durdurmaları gerektiğini açıkladı.

Çinden gelen haberler, artık Çinde operasyonlarını yürüten Kripto para borsalarının yasal olmadığını doğrulamaya başladı.

https://www.kriptoparahaber.com/cinde-faaliyet-gosteren-tum-bitcoin-borsalari-faaliyetlerini-durdurmali/

[virasog]

I don't think that has any bearing out of more up here. It definitely doesn't have any better about overall price index overtime. China has done this before a little gay China always comes back. Even if they don't we don't need them for anything. They are what they are letting me and ignore them. And we will have more success in the long run.

[JaredStein]

That's great news for the world because the last time China banned Bitcoin exchanges the p2p exchanges flourished and so did the rest of the world, hence the rise in price shortly after the little dip because people still believe governments have some sort of influence of BTC, but they don't.

[Kprawn]

A bit of Necro posting, but it is still very applicable with the current status of Bitcoin in China. This just shows how long this

battle has been going on between the Chinese government and it's Bitcoin community. We have seen a period where some of

these exchanges had to close their doors for a while and then strict regulation. Now they are facing round number two in this

battle to survive. {The previous round, did reduce some shady practices... fake volume of trading ..etc.}