China is shutting down local exchanges

[Vasu Dev]

Update from CNBC

The price of bitcoin fell to a low of $4,108 Monday on reports of another Chinese crackdown on cryptocurrencies.
Chinese media reported Friday that the government plans to close down local cryptocurrency exchanges.
Bitcoin shed more than $100 since those initial reports.

[CryptoBeefy]

Hasn't this come out as poorly translated and actually fake news?

[HODLwearz]

Hasn't this come out as poorly translated and actually fake news?

Yes. OP has either been under a rock, trolling or gets off on spreading FUD.

[douglock]

give me the news please. I want that news and I want to know which Exchanges are being shut down right now. Please do not give people fake news and shitty rumors. I do not want to have any FUD again. it is really terrible right now. Fake news only make whales richer because they have more chance to collect bitcoin when the price is dumped hardly

[xdev]

Heres the article: https://www.cnbc.com/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.html

Basically rehashing the same shit we've come to read hundres of times already since Friday

[pixie85]

It's the same thing all over again. Now each new agency is going to keep reminding us about this news just to fill the space on their FUDster services.
Nothing was closed yet, it's just a rumor and the price has been stable for the last 2 days remaining between 4200 and 4300. Keep calm!

[100bitcoin]

Update from CNBC

The price of bitcoin fell to a low of $4,108 Monday on reports of another Chinese crackdown on cryptocurrencies.
Chinese media reported Friday that the government plans to close down local cryptocurrency exchanges.
Bitcoin shed more than $100 since those initial reports.

https://twitter.com/YourBTCC/status/906181802548539393

[Stedsm]

I have read the actual news somewhere which says that many CEOs of the exchanges residing in China were asked whether they were informed of such scenario or not and they refused, they said there's nothing they received till date and that there won't be any closures of exchanges in China. Don't know why these Chinese are spreading FUDs, maybe a strategy to short and make money on it too?

[kwaasteniet]

Government actions of attack only lead to more evolution in the industry that leads to more decentralization. They are getting desperate.