No exchanges closing in China - just regulation (edit: not true)

[shyliar]

No exchanges closing in China. Not much of a surprise to anyone who has been around for awhile. The so called ban was just another method to empty the pockets of noobs; although, even some seasoned players were burned this time. Market manipulation at it's finest.

With the continuing ICO scam it's really no surprise that regulation was coming. Watch for exchange closures. The main exchanges with the money to comply will continue operating.

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure/


Edit: Have to confirm news about closing of some exchanges. Since China has closed exchanges in the past and then allowed them to reopen under more scrutiny this may be temporary.

https://techcrunch.com/2017/09/14/china-bitcoin-exchange-suspended-bttc-china/

[GazorpPozorpec]

Thank you very much. Oh how much panic has been raised because of this, you only look at the chart!

[blacktux88]

even GreatBritan talk about ICO and regulation , could be a good thing

-> https://www.btc-echo.de/regulierung-britische-finanzaufsicht-aeussert-sich-zu-icos/
Link is in German - google Translate could help

But i have also found this news ->

https://twitter.com/YourBTCC/status/908285586368167936

thanks

No exchanges closing in China. Not much of a surprise to anyone who has been around for awhile. The so called ban was just another method to empty the pockets of noobs; although, even some seasoned players were burned this time. Market manipulation at it's finest.

With the continuing ICO scam it's really no surprise that regulation was coming. Watch for exchange closures. The main exchanges with the money to comply will continue operating.

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure/

[nonlinearboy]

I think you are wrong, the btcchina.com made an announcement that it will be closed on 30th, September, there is the link:https://www.btcchina.com/. btcchina.com is one of the largest bitcoin exchange in China, so after this announcement, the prices dump a lot.

[Koadharber]

No exchanges closing in China. Not much of a surprise to anyone who has been around for awhile. The so called ban was just another method to empty the pockets of noobs; although, even some seasoned players were burned this time. Market manipulation at it's finest.

With the continuing ICO scam it's really no surprise that regulation was coming. Watch for exchange closures. The main exchanges with the money to comply will continue operating.

https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure/

Thanks for the link and already presumed that this is the thing they are aiming now.Weak hands did really fall out to the trap and now i do see another pump soon on the price either on Bitcoin or on altcoins in the market.I cant really think off that they would really close exchanges and as i suspected those are all just FUDS and making rumors to make some effects on the price and regarding on regulation on ICO i think it would really be just fine to lessen scam ICO's.

[DosManos]

Regulations = more fee's??

[yillusion]

I think you are wrong, the btcchina.com made an announcement that it will be closed on 30th, September, there is the link:https://www.btcchina.com/. btcchina.com is one of the largest bitcoin exchange in China, so after this announcement, the prices dump a lot.

among the three big ones, okcoin.com and huobi,com havent announced yet, but i think it will follow btcchina soon, the rumor all exchanges shall be closed will come true in this month

[alyssa85]

According to teh following thread, a Chinese exchange called Yunbi will close in three months:

https://www.reddit.com/r/BitcoinMarkets/comments/6zok0c/yunbi_were_to_close_down_in_three_months_original/

[imutlinda]

The information is quite valuable and can make most people panic becomes smiling. Hopefully china think twice about the rules they make because china is the country with the most investors and maybe china is the holder of the kripto world power (maybe

[VanDeinsberg12]

I'm sure that some of exchanges were announced their closing for their service because they can't be sure to keep obeying the rules or else they've broken it from the start.
so, after all, all of these coins will soon be pumped again and back to its past rate, how beautiful, all affected by mere a regional regulation.

[9000]

1/ After 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/908285586368167936

Everything is crashing hard, run for the hills!

[snackman]

If China ban all their exchange they still have a way to create new exchange in another country. and they still have many way to exchange money to crypto currency

[hanlieuiypm9832]

I'm sure that some of exchanges were announced their closing for their service because they can't be sure to keep obeying the rules or else they've broken it from the start.
so, after all, all of these coins will soon be pumped again and back to its past rate, how beautiful, all affected by mere a regional regulation.

That is true, some Chinese friends have told me that information a few days ago, so I sold almost all my coins, which seems to be a wise decision, I the Chinese market is really big that will have significant effect on the whole market.

[viking02]

News agencies are very interested in flash bright news. Their earnings directly depends from count of traffic they attract. That's why there are so many fake news, especially about China, crypto regulations, ICO bans and so on. You must always watch only official claims that stated at official resourses. That's it. There is no ban of crypto or ICO at China!

[MiBambino]

You seriously underestimate the effects of China wanting to control the uncontrolable. They don't want people making money they can't track or tax, so they're doing everything they can to stop that. They claim it's to protect their citizens, but they want to protect their own money and power, end of story. Look, in the long haul, cryptos will become king, but the upcoming months will be bearish, trust me. We're gonna end 2017 under the 100 billion cap, but hopefully we'll end 2018 above the 200 billion cap

[BitcoinHodler]

first of all bitcoin and altcoins are not illegal or banned or anything in China.

secondly trading these are not banned either. the Chinese government even explicitly said they have no issue with OTC trading of cryptocurrencies.

finally i agree that they just want a stricter control and regulations over these exchanges which are truly handling large amounts of money.
to put simply if you had a potato selling shop and you were handling millions of CNY every day, the government would have come down on you the same way.

[Voice-Of-Reason]

I think we will have a calm period, of a few months, could be a year, until everything settles and gets back up

[Morphling]

Edit: Have to confirm news about closing of some exchanges. Since China has closed exchanges in the past and then allowed them to reopen under more scrutiny this may be temporary.

https://techcrunch.com/2017/09/14/china-bitcoin-exchange-suspended-bttc-china/

as far as i know, closing the btcchina exchange is permanent, maybe there will be new exchanges open in the future, but they are never the previous ones

[auliahr]

is it true 20% btc held by chinese investors?
I am confused as to why what happens in China can be so great as to influence the world of crypto 

[flower1024]

is it true 20% btc held by chinese investors?
I am confused as to why what happens in China can be so great as to influence the world of crypto 

I am totally confusing what is happening in the bitcoin world. And every day we are getting new news from China. Don't know which news I want to believe and which is not. Some people are telling btcchina exchange s closing permanently, and some people are telling it is fake news. But it is affecting to the bitcoin price. It's falling.