http://www.scmp.com/tech/start-ups/article/2112339/viabtc-launch-bitcoin-exchange-overseas-after-beijing-bans-trading“A third of our customers come from outside China, and I believe these overseas users will continue to use the ViaBTC platform, so we can still provide value,” said Yang Haipo, chief executive of the exchange during a global blockchain event in Hong Kong on Thursday.
He said there was no time frame yet to relaunch the platform abroad, and urged current users to withdraw their assets before the company stops its domestic services on September 25.
“We have enough liquidity to support all of our customers’ withdrawals,” he said.
The Shenzhen-based firm announced a week ago that it would shut down its Chinese exchange business by the end of the month. Other mainland platforms such as BTCChina, OkCoin and Huobi have also said they will cease trading following Beijing’s orders.
ViaBTC is a miner and I presume they NEED to have an exchange in order to dispose of the coins they mine.
For this to be happening from ViaBTc then all the rumors is true and I am actually surprised how it got to this point without all the big shots in the crypto industry could not do anything about it.
Going abroad is just the best thing for them to do now because if a country does not want you, the best is to seek comfort in another country's abode who is open to such arrangement.
They just need to do their due diligence well and be sure the country they are going, their body language is not in favor of crypto currency which could eventually still force them out. The Chinese population is the one that will bear the brunt of all this because that means they are being cut off from the future.
