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.