Bitcoin Forum
September 26, 2018, 04:05:31 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: China to close all bitcoin exchanges by end-September: Yicai  (Read 605 times)
hridoyb
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250


View Profile WWW
September 15, 2017, 06:43:00 AM
 #1

 China plans to shut the country’s bitcoin exchanges by the end of September, Chinese financial news outlet Yicai said on Thursday, citing sources.Bitcoin can solve this problem?We are know lot of scam ico in cryptopia currencey world.If China was banning Bitcoin, they would ban the Bitcoin MINERS like Chinas "Bitmain", NOT the exchanges, because the miners are the source.what are thinking about it?

▶▷>

░░░░░░░░░░░░░░░▄██▄░░░░░░░░░░░░░░░
░░░░░░░░░░░░▄████████▄░░░░░░░░░░░░
░░░░░░░░░▄██████████████▄░░░░░░░░░
░░░░░░▄████████████████████▄░░░░░░
░░░▄▄████████████████████████▄▄░░░
██████████████████████████████
██████████████████████████████████
██████████████████████████████████
██████████████████████████████████
██████████████████████████████████
██████████████████████████████████
██████████████████████████████████
██████████████████████████████████
▀████████████████████████████████▀
░░░▀██████████████████████████▀░░░
░░░░░░▀████████████████████▀░░░░░░
░░░░░░░░░▀██████████████▀░░░░░░░░░
░░░░░░░░░░░░▀████████▀░░░░░░░░░░░░
░░░░░░░░░░░░░░░▀██▀░░░░░░░░░░░░░░░
 
KryptoSEA
/ 
/ 

░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░▄▄████░
░░░░░░░░░░░░░░░▄▄████████▌░
░░░░░░░░░░▄▄█████████▀███░░
░░░░░▄▄██████████▀▀░▄███▌░░
░▄████████████▀▀░░▄█████░░░
░▀▀▀███████▀░░░▄███████▌░░░
░░░░░░░██░░░░▄█████████░░░░
░░░░░░░░█░░▄██████████▌░░░░
░░░░░░░░█░░███████████░░░░░
░░░░░░░░█░██▀░░▀█████▌░░░░░
░░░░░░░░██▀░░░░░░░▀██░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░
/ 
/
/ 
Your everyday crypto
<◁◀
1537977931
Hero Member
*
Offline Offline

Posts: 1537977931

View Profile Personal Message (Offline)

Ignore
1537977931
Reply with quote  #2

1537977931
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537977931
Hero Member
*
Offline Offline

Posts: 1537977931

View Profile Personal Message (Offline)

Ignore
1537977931
Reply with quote  #2

1537977931
Report to moderator
1537977931
Hero Member
*
Offline Offline

Posts: 1537977931

View Profile Personal Message (Offline)

Ignore
1537977931
Reply with quote  #2

1537977931
Report to moderator
1537977931
Hero Member
*
Offline Offline

Posts: 1537977931

View Profile Personal Message (Offline)

Ignore
1537977931
Reply with quote  #2

1537977931
Report to moderator
Yasirmrd
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
September 15, 2017, 06:52:09 AM
 #2

According to other exchanges operating in china they do not receive any instructions from Central Bank of China. In my opinion these are only rumors which drop the price of bitcoin. Till now the only official news is that china has banned fundraising for ICOs but I do not read anywhere that it banned Bitcoin. I suppose that china is going to regulate bitcoin and will not ban it.
tiggytomb
Legendary
*
Offline Offline

Activity: 1736
Merit: 1000


View Profile
September 15, 2017, 06:55:17 AM
 #3

It is not qute clear what's happening, I think there is a lot of fear mongering as the only thing I have seen for sure is that ICOs have been banned.
care2yak
Sr. Member
****
Offline Offline

Activity: 546
Merit: 254


View Profile
September 15, 2017, 06:58:45 AM
 #4

At the moment, only two exchanges have announced their closure on Sept. 30th. That BTC China, and ViaBTC. Are there any other Chinese exchanges that expressed the same?
kenkoy
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
September 15, 2017, 07:13:40 AM
 #5

China plans to shut the country’s bitcoin exchanges by the end of September, Chinese financial news outlet Yicai said on Thursday, citing sources.Bitcoin can solve this problem?We are know lot of scam ico in cryptopia currencey world.If China was banning Bitcoin, they would ban the Bitcoin MINERS like Chinas "Bitmain", NOT the exchanges, because the miners are the source.what are thinking about it?
I agree with you. China should ban the miners and only the scam ICO. They should regulate laws filtering scam ICOs from the legit ones. Either they are spreading FUD or they are just afraid of the great potentials of Bictoins. I think some bankers there may have also triggered that decision of China.

DRAFTCOINS ║║█ CRYPTO PORTFOLIO COMPETITIONS █║║ ANN THREAD
1) Create an account   2) Draft your crypto portfolio   3) Win prizes
[Twitter]▬[Facebook]▬▬▬
passivebesiege
Hero Member
*****
Offline Offline

Activity: 756
Merit: 502


“RepuX - Enterprise Blockchain Protocol”


View Profile
September 15, 2017, 07:22:05 AM
 #6

I cannot decide right now if i will sell my BTC or not   i  will wait for more news before selling mine but i still stongly believe in BTC even if china will ban it  but to be honest if this  things happen this will  be a huge impact in the market.

                █████████
             ████  ███   ████
           ████    ███       ███
           ███     █████       ███
           ███     ████████      ██
           ███     ███   █████    ██
           ███     ███     █████  ██
           ███     ███    ██████████
           ███     ███  █████   ████
           ███     ████████       ██
           ███     █████        ███
           ███     ███        ████
           ███     ███    █████
        ██████     ███  ████
      ████ ███     ██████
      ███  ███     ███
      ███  ███     ███
      ███ ████     ███   
      ████ ███     ███
           ███     ███
           ███     ███
           ███████████
Profede
PROFESSIONAL DECENTRALIZATION

`Decentralized Professional Protocol`
`ICO Starts`
June 1st, 2018
VitKoyn
Full Member
***
Offline Offline

Activity: 392
Merit: 106


View Profile
September 15, 2017, 07:37:11 AM
 #7

China plans to shut the country’s bitcoin exchanges by the end of September, Chinese financial news outlet Yicai said on Thursday, citing sources.Bitcoin can solve this problem?We are know lot of scam ico in cryptopia currencey world.If China was banning Bitcoin, they would ban the Bitcoin MINERS like Chinas "Bitmain", NOT the exchanges, because the miners are the source.what are thinking about it?

Lots of fake news spreading everywhere and I don't know what's really happening now, some said China will ban all exchanges some said it will not and will just temporary and will continue after making new rules and regulations. The price of Bitcoin continues to fall but I really don't care I will just hold my bitcoins until the price in the market recovers.
Carlsen
Hero Member
*****
Offline Offline

Activity: 854
Merit: 501

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
September 15, 2017, 08:04:07 AM
 #8

China plans to shut the country’s bitcoin exchanges by the end of September, Chinese financial news outlet Yicai said on Thursday, citing sources.Bitcoin can solve this problem?We are know lot of scam ico in cryptopia currencey world.If China was banning Bitcoin, they would ban the Bitcoin MINERS like Chinas "Bitmain", NOT the exchanges, because the miners are the source.what are thinking about it?
Unfortunatelly at this point we must assume there is more to the story. No exchange closes on its free wiill. There must have been pressure.
Going against the miners that is nothing China wants. China wants to stop the capital flight out of the country.
And the local fiat is converted into bitcoins at local exchanges, that is why they go against the exchanges.
The miners can sell their coins mined in China at foreign exchanges, that would bring money to China. Bringing money into the country, that is very welcome by the government in China.

stompix
Hero Member
*****
Offline Offline

Activity: 840
Merit: 686



View Profile
September 15, 2017, 08:08:06 AM
 #9

And do we have a link to this "Yicai" source? First I read yokai and if I remember correctly that means demon or monster in japanese.
We certainly had a lot of FUD around here about bitcoin getting banned so even a google translate would help a lot.
Although I have to point out even the article claims as you said to cite sources.What kind of sources.

I'm still waiting for an official document release from either the National Bank or the Chinese Government.


talkbitcoin
Legendary
*
Offline Offline

Activity: 1106
Merit: 1009


View Profile
September 15, 2017, 08:10:56 AM
 #10

this is great news but i hoped they did it sooner than later because the sooner we get this chapter in bitcoin's history over with the sooner we can get back on track with other more important things.

Chinese drama is just a distraction that is preventing us from moving on with important matters such as more adoption. these days everyone is just talking about price all day long!














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
Rinaze
Full Member
***
Offline Offline

Activity: 308
Merit: 100



View Profile
September 15, 2017, 08:14:03 AM
 #11

Okcoin and Houbi are meeting up with the Chinese regulators today and high chance they will be asked to shut down their operation like BTCChina and ViaBTC by the end of this month.

tengek37
Full Member
***
Offline Offline

Activity: 322
Merit: 100


View Profile
September 15, 2017, 08:25:19 AM
 #12

I do not think China needs to close all bitcoin transactions if only seeing that bitcoin could be a way of money laundering or other criminal acts. Why not make laws that deal with bitcoin transactions and possible criminal acts.
kpcian
Hero Member
*****
Offline Offline

Activity: 728
Merit: 529


View Profile
September 15, 2017, 09:02:22 AM
 #13

I don't think that China will close all Bitcoin exchange by the September. already they have made up their mind to ban Bitcoin. you can ban Bitcoin but you can't stop the exchange system. so it will be a difficult task for their market because a lot of Chinese people are doing business on this platform so they will do not as like...
care2yak
Sr. Member
****
Offline Offline

Activity: 546
Merit: 254


View Profile
September 15, 2017, 12:36:39 PM
 #14

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

mrBTCman
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
November 08, 2017, 11:47:18 AM
 #15

Seems they already found the way out  Roll Eyes https://news.bitcoin.com/major-chinese-exchanges-launch-p2p-trading-platforms/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!