In Chineses bitcoin communities, it is rumored that China will also ban all the bitcoin exchange in Hongkong too.
Bitfinex is in Hongkong and currently dealing with over 20% volume of the world.
I just hope this is just another rumor, but if you remember how China's ban of bitcoin in the mainland turned out to be true.......
Clearly, it is not the best time to buy more.
China will never ban bitcoin. as much as they fear capital flight, China loves capital inflows just as much. given that China is the majority of the mining scene, they would lose a ton of advantage if they flat out banned bitcoin. but, they are doing a great job manipulating the price with these vague announcements. everytime we are here, we are reacting on unsubstantiated rumors; its like China is wary to give formal announcements, or they have a worse leak problem than the current White House
it wouldnt be odd if they shuttered all bitcoin exchanges, and at this point it shouldnt have too serious of an effect on the price. thats old news, even if they close everything down. they havent banned peer to peer exchange, and its only a temporary thing. hopefully, the panic has subsided, but we will see.
