Is China still going to ban bitcoin exchange in China

[zzSunZZ]

The Chinese government tries to ban outside non-censored internet, citizens with a little know how get around it easily.
You can't ban bitcoin. Banks could stop letting you use your own money to purchase bitcoins from places like Gemini or coinbase, but that still doesn't "ban" bitcoin. You can buy them from other people, withdraw cash from banks and localbitcoins.com
Your complete focus, before buying a satoshi, should be learning how to properly secure your bitcoins. Unless you want to invest in GBTC and pay a premium, it is imperative that you learn security before buying.

[herurist]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Of course, but only temporary. That's natural and also give us a good chance to take the right opportunity. The impact only about price action, but from this moment we can take some good decision about our strategy. Such as, buy back or cut loss to minimalism loss. Don't worry about news, it's only speculation. Prepare everything because real market has their own answer. Have a nice day.

[Kevin77]

I do not think that China will close the exchanges completely. Most likely they will legitimize all this and the state will take it under control. Most likely until the new year, all of China's exchanges will open and bitcoin will then go to $ 6000

I also still feel this is what China is after. Being able to control the exchanges so they can easily monitor all their operations. But who cares? Whether they want to control, ban, or monitor… Having lesser countries that do not want to partake at this early stage is even better. If they wish to join later when we are grounded, good for them!

The thing is we cannot just let one single country disorganize the whole system that has been built over the years. However, if all these seemed to be over after some months, which I am assuming right now, then china hits back again with their controlled exchanges in the market, then the high soar will be huge.

[arpon11]

We have been hearing about this ban issues since the beginning of this months and if you have been following event from inception you will understand that the infect of the ban of exchangers on bitcoin pricing happened last two weeks. If you have risk capital then you could have bought when it fell to $3,000.

[xuan87]

Yes China's government is really committed for what they said, the banning seems like is going to be a temporary and they will make regulation for the exchanger, I think the reasons are too many people used Bitcoin as their hidden assets, evade tax and doing money laundry with it, hopefully there won't be any big effect to bitcoin's price this time

[Buckwheet]

No. They will be back soon. This is just a move to protect trader and avoid hack and money laundering

[mjsocool]

they just want control exchange and ICO. no way they ban crypto forever. So we dont need worry about it

[crypt0heaven]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

In all honesty, I don't think Chinese will shut them down. They will just regulate. There is way too much liquidity in these markets and China doesn't like capital to flow out of the county.

[bs9]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Yes.You already see bitcoin price down and down for china ban ico news.China use 20% of total  bitcoin and maximum bitcoin mining from china.SO when they shutdown there exchange bitcoin will be 3000$ below.

[Bibox]

Well, its been banned already including two largest cryptocurrency exchange platform OKcoin and huobi.com.

But, OKCoin's co-founder reunited the team and created Bibox.com to keep trading out of China market.

www.bibox.com. A great digital asset exchange platform that you shouldn't miss.

[coinplus]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Their are chance for China to ban .Because they start to get fear about that the bitcoin will reach the peak and Replace their own currency. Due to this fear they stop to ban some of the trading done in China.But now bitcoin replace his own price. It now crossed the value of 4000$.

I also believe that one of the reasons for China is that they fear if bitcoin is growing rapidly in the country. It could be that bitcoin replaces the local currency and destroys the conventional economic system. The decision of china will greatly affect the bitcoin price, I think that on September 30th there will be more panic for bitcoin users. It is feared that the price of bitcoin can go back down and of course this is not the hope we want. The only way is to be calm and tell everyone that do not sell bitcoins simultaneously. If this can be overcome then the price of bitcoin may stabilize and also rise above 4000 $.

Honestly, if anyone wants to panic at this moment, their loss! It might draw us back but it sure won't stop some of us from buying at good price again. All I know for now is that even if it is going to ban a bit impactful, the impact will not be as bad as what we had the last time. Most people are beginning to realize that panicking will only make them to lose eventually rather than concentrating on the development of bitcoin with or without china.

[Strongkored]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

The effect of this news has happened a few weeks ago, and if you look to the current price of Bitcoin it starts back to $ 4000 even today it's $ 4200.

I think the decision to shutdown the exchange in China is only temporary, because China regulator need to create regulations that protect their citizen.

[Cmoh]

What are the Chinese exchanges for Altcoin trading and Bitcoin? If banned effected is that possible that our funds would be collapsed? Currently my funds in Poloniex and Bittrex. So if anybody knows that are these two of exchanges is Chinese based then confirm me, so that i can withdraw my fund earlier. Also post here the list of Chinese based exchanges.

[secone]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

maybe the global volume will be go down, but some people at chinese, now using localbitcoin.com to buy bitcoin. this is some proof of my statement.
http://www.newsbtc.com/2017/09/28/global-localbitcoins-trading-volume-reached-new-time-high-two-weeks-ago/

[InvoKing]

BTCChina Has Stopped Accepting Fiat and Crypto Deposits, Trading to Stop September 30

https://cms.btcchina.com/notices/1-5?lang=en

After carefully considering the "Seven Regulatory Bodies' Announcement on Preventing Risks Associated With Token Fundraising" (http://www.csrc.gov.cn/pub/newsite/zjhxwfb/xwdd/201709/t20170904_323047.html), BTCChina has stopped accepting CNY and digital asset deposits, and will stop all trading functionality on BTCChina Exchange 12:00 PM (UTC+8) on Saturday, September 30th... [snip]

[Netnox]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Right now, the prices seems to be going up. During the past 24 hours, the prices have increased by at least 5%. This may be due to the fact that there is no large-scale sell-off among the Chinese users. The users have simply moved their coins from exchange wallets to personal wallets.

[ss890]

will Chinese exchange platforms shutdown on 30 sep
Will it affect on cryptomarket

Whatever effect it had it had last to last week only. The price of bitcoin dropped like crazy and this was becuase cryp lovers got crazy and panicked and they started to sell off their btc. Anyway what happens after tomorrow is completely new thing. There good be two things that might happen, first will be every dime of bitcoin will be washed out from the china and secondly government china might just publish new ways of regulated ICO leading to huge investment and pumped price of bitcoin. That's easy.

[Crypto Carl]

You really should go check out https://www.cryptxmoney.com/blog and read their articles. They really are great! and apperently This trading platform are giving away £100 in Ethereum to the 100th new member to sign up via Cryptxmoney.com...worth the try right?

[xaxistech]

iCO's has been banned in China, but it is october 30th and there were going to be bad news about china and cryptos, but the price is only going up.. i dont know what is happening right now, it was like $4150 yesterday evening, and now it touched $4400 a few hours ago, i am very happy with seeing that the price is going up again, seriously, but i dont know what is really happening with China.

[frowsiter]

  will Chinese exchange platforms shutdown on 30 sep

Will it affect on cryptomarket

They are already closed and almost every exchange will be invalid after tomorrow onwards. I don't think any of them will stay online anymore unless and until the government of of china will be making any further decisions. If the China's regulation fit in just right then ICO might be overwhelmed and world will have great response towards the big investments. Then this could be new revolutionary way of investing and prices of ICO will be legitimately high. But who knows if the Chinese have decided to shut the program completely then that might be happening more. Nothing much will happen and we can see the market more stable and non fluctuating as china was use to be destabiliser according to my experience. At least that's not gonna happen now.