Good News - China

[waqarkahloon]

this will some time to get out of this FUD. NOw BTC price will move slowly upward and when people see it again happening, they they will purchase it again like a parabolic graph as panic occur to see big profit other are making out of BTC. Then again some new bad news will be spread about BTC like in DEcember etc

[1713885406]

1713885406

[bitbunnny]

i think we can safely say that the previous couple of weeks have been the weirdest days in bitcoin history! there was no reason in first place for bitcoin price to go down but it did and just because of banning of ICOs! i don't know maybe some people think ICO and bitcoin is somehow related

then the fake news turned into China banning bitcoin!!! which was the funniest of all times.

all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.

Ecaxtly and it seems to me that such situation was somehow created with a purpose, with bad purpose to make such mess and panic just that someone could have use of it. Maybe I'm paranoic but I have such feeeling.
Because what is so strange and dramatic in trying to licence the exchangers?

[LeGaulois]

Not a bad new but unfortunately the time to be spread other people will continue to spread wrong infos. I saw a title on Cointelegraph saying Chineese bitcoin exchange have to close by 30 september. It will need a huge communication to say that finally they just need a licence.

@klien_br Can you tell me what is the exchange you talked to in the screenshot you posted? I would like to rea their new they are talking about

[okissabam]

That's good news then but why is btc still going down? I am really hoping China will be done with their dramas, but in another perspective it is the best time to bitcoin also, so for those who wants to invest in bitcoin now is the right time to buy them.

[Tesla71]

Well I still hope that China will get kicked out (forbidden!) of every crypto things.. (exchange, mining, holding..)

Why?

The chinese dictatorship government is one of the most intransparent on earth (after north korea).
No more business for chinese exchanges means more "pieces of the cake" for the rest of the world.

Sorry, but the chinese people get what they deserve. The missed to stand up against a totalitarian regime, so the have to accept now.

Or why else would all these now closing exchanges, that are missing huge profits now, obey to a (still nowhere seen) governmental rule now?

[cryptimus prime]

I still do not understand how you guys interpret "exchanges will be licensed in China" into this screenshot?

[Bonanzacoin]

Unfortunately im allready allin....

[LoyceV]

I remember some of the previous price drops this year were also caused by Chinese FUD for regulations. And until now, Bitcoin went up further again soon after.
It's not a bad thing for exchanges to be regulated, it's just weird they got away with running unregulated financial businesses for this long.

If they're back after they have been licensed, that's one less fear hanging over Bitcoin. Until then, panic selling means many coins change hands, and most likely the whales get richer out of this.

[Adbitco]

If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.

[iamMhew]

Mike V - Viacoin Telegram

" I have just spoken to Yobtc.
 They told me that before Sept. 4th they didn't need any licenses to open their exchange.
 So now they have to close down due to new regulations.
 Which probably means that every exchange will be able to purchase licenses soon.
 And open up again.
 So my advice is to buy as much BTC/alts as you can before that happens "



https://twitter.com/TradingWhaIe/status/908607956010389506

good to hear that news about china, so we will wait that happen when china opens again in bitcoin world, they will purchase licenses soon and they are close due to a new regulation which implement on their country, so sooner or later china will be part of this community again,
now is the time to bought/buy some alcoins and bitcoin because china is coming again lol. the big event is going so soon so be ready and be part of it.

[MostHigh]

Well that is really good news and i hope the chinese gets their acts together and buy back their coins it all about making the prices go above and up high again. Thank for this post. This is a breath of fresh air this morning.

[AtheistAKASaneBrain]

Just talk to any chinese and they will they you that their government loves to make all these dodgy statements of banning something, then it turns out it was temporal and they issue licenses to keep the things running. This is how china government makes a ton of money by doing insider trading while trying to pass it out as legal. These crooks are stealing all the BTC from the panic sellers in order to position themselves as the BTC leading nation.

[Maheshkumar_Hrangkhawl]

If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.

I am also afraid that this is another baseless rumor. Till now no major media source have covered this news, and the two exchanges which are closing down (BTC China and ViaBTC) are urging the users to withdraw their coins within the specified time and close their accounts.

[vintages]

In some way, I see this as a good news and also bad news. At least we would know the authenticity of the exchange we are buying BTC from.
Let just hope that if they resumes there won't be much protocols. Every thing should be made easy please.

[legendbtc]

Anything can happen in the crypto market we have to take risks in order to be financial. In every investment, you will face risk but at the same time, you have to face challenges in between that. This is more interesting how can China will come up with new rules and regulation to adopt altcoins.

[Kingofbitcoin12345]

China have succeeded again,, making noice and be recognized as one of the most influential in bitcoin.. Attention and not regulation is the main reason for this.. Making an effect to bicoin market in every policy that they wanted to changed.. "We need china, we need Chinese investors if we need bitcoin",, that is what they wanted as to think every time and everday.. They want nothing but power and be relevant in this community they feel they are entitled to be on top..

[ahmad21]

That was sort of an expected news from China. They were making their rules a bit strict. Moreover yes you must buy some more bitcoins or altcoins market is already quiet low. Buying at such a stage will you give you lot more bits and in long term help you as a great investment for sure.

[Shamie1002]

This gives us hope and and another reason that will add interest and excitement in doing jobs involving bitcoins and other coins. I guess we can't say that it will reach the highest price we have this month yet it is very appreciable that China is still doing interventions. Although statements are not clear. They still manage to update  their current situation. It's more than enough to understand that we should work hard for bitcoins now a days. There are no easy ways. Hopefully, chances are still open for everyone.

[Slow death]

If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.

I am also afraid that this is another baseless rumor. Till now no major media source have covered this news, and the two exchanges which are closing down (BTC China and ViaBTC) are urging the users to withdraw their coins within the specified time and close their accounts.

see this:

'Close Today': China's Bitcoin Exchanges Receive Shutdown Orders

https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/

    1. Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office. Exchanges shall deal with their claims and liabilities properly, and insure that investors’ funds and virtual currencies are safe.

    2. Before 20 September 6pm, exchanges shall determine a bank account, which will be used for depositing user funds. All other accounts in banks and other non-bank payment service providers shall be canceled and reported to the Business Management Department of People’s Bank of China.

    3. Before 15 September midnight, exchanges shall publish closing announcements, and announce a schedule to stop the trading of all virtual currencies. New user registration shall be stopped immediately after the announcement.

    4. Shareholders, controllers, executives, and core financial and technical staff of exchanges shall cooperate fully with authorities during the clearing, while staying in Beijing.

    5. Exchanges shall report their developments daily to local authorities before the clearing is completed.

    6. Exchanges shall save all user trading and holding data, and send it to local authorities immediately in DVDs.

    The document is signed: The office of the Leading Group of Beijing Internet Financial Risks Remediation, Sept. 15, 2017

Yobtc detailed that it would be ceasing trade operations as well.

the price of bitcoin once again dropped, I hope that the exchanges will be regulated and return

[allthingsluxury]

The Chinese government is ACTIVELY cracking down on ANYONE that is trying to get money out of their country. They look at this as a huge problem. BTC is one of the easiest ways to get money out of the country. They are not going to be BTC friendly.