To sound Matrixy "There is no China Bitcoin ban"
As far as I know ...
- There are other Chinese exchanges still operating (Huobi and OKCoin).
- There has not been any official statement towards Bitcoin being banned.
- We have seen this before ... FUD FUD FUD
Bitcoin is not being banned; I don't think anyone was saying that. But cryptocurrency trading and bitcoin exchanges are, at least temporarily. This is pretty clear by now:
Yicai Global (China Business News) biggest official media in Shanghai reporting that city has verbally halted Shanghai #bitcoin exchanges
https://twitter.com/luluyilun/status/908271885883817984After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.
https://twitter.com/YourBTCC/status/908285586368167936So yes, exchanges are literally being shut down. Based on the NIFA statement, it's probably temporary, but nevertheless, the two stories above were enough to move the market in a major way. According to Charlie Lee, Okcoin and Huobi are set to meet with regulators within the day. There could be more bad news coming as a result.