Is China still going to ban bitcoin exchange in China

[Zenithar]

  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.

This is a great mystery actually. The way China’s plan of banning this Bitcoin has flopped in the past, I don’t think so that there still remains any reason due to which China will ban this usage of Bitcoin in his country in the future. But you never know what the future will bring for you. It is always unpredictable, anything can happen.

Most importantly China’s shit is over, bitcoin is doing great without China and I am happy to share it with all of you mates we got rid of Chinese manipulated market. However I feel sorry for the Chinese people who may have come across a hard time with all this crypto ban and stuff. I think we shouldn’t be talking anymore about the China whether they will allow again crypto into their country or not. Chinese people could access crypto even from their homes. They only need a VPN and I guess they are good at that. 
The reasons may be different what they say and what actually the reason is? It is just a state policy and time will disclose this secret sooner or later.

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[btcney]

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

It will definitely have an impact, not only on the day that it happened but also will impact future bitcoin outlook because of the fact that there are now significantly less ways for Chinese peoples to buy and trade bitcoin.

However, i would suspect that trading will continue, just in the form of p2p transactions. People in China are already using services like LBC to trade their fiat currencies for bitcoin and vice versa.

There shouldn't be any longstanding damage done by shutting down of these exchanges. In fact, most are probably going to just relocate to another place.

[RayDali0]

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

Not possible to ban.
China would regulate Bitcoin.
It will make us stronger.
Get ready to the moon

[bakunawaaa]

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

[ASHLIUSZ]

China won't go with such plans of banning the entire exchanges. If that happens the impact over the digital currencies will be very big and importantly one thing need to be considered is the inflow of economy that China has got through bitcoin. They might regulate in a strict manner, but will never go with the banning.

[SCCFX]

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

[daringdiscovered]

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

Correct, we must prepare on what is going to happen next, we don't know what can China do to the cryptos, mostly they are the big whales in the market, some bitcoin drama so the people will sell their bitcoins because of panicking and they are the one who is going to be benefited by this. Just hold your bitcoin guys, let's hang to it, it is promising.

[Baofeng]

There is a chance China would lift the ban. They might be planning something big with this. Considerimg 70% of mines are in China.

Correct, we must prepare on what is going to happen next, we don't know what can China do to the cryptos, mostly they are the big whales in the market, some bitcoin drama so the people will sell their bitcoins because of panicking and they are the one who is going to be benefited by this. Just hold your bitcoin guys, let's hang to it, it is promising.

Well we have been sailing without China already so I think we are good already. Some of the exchanges have been close already. Last news I heard is that they are not totally banning exchanges, they just would like to see that they should apply permit before operating. So likely that they have been drafting rules and regulations before allowing them to be up once more. Just hold on your bitcoin and see what happens next.

[Flor1982]

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

[betlord90]

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

We can't say what would be the outcome on the price once china regulates those exchange and maybe it can give bad impact to the price just what happen before, But for this issue maybe the best thing to do is to bend the patience and understanding on all of us so we wouldn't be caught by bad jokes around.

[duyduc256]

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

I think we do not need to pay much attention to the Chinese market because there is a lot of suspicious activity on the Bitcoin market and certainly in the future China will stop this ban and everyone It is possible to trade normally and Bitcoin prices will continue to go to the moon

[the rise]

volume transaction still high without problem
and binance, okcoin, exchanger from china still open

I think China will not ban but only to regulate their exchanges to ensure that it will not be abused by some bad elements like the laundering issue. We will just wait again for the result of what will be the impact after the regulations but i believed the value of bitcoin and altcoin will not be affected because of our hard experiences learned during bitcoin banning in which many panic people are now regretting.

I think we do not need to pay much attention to the Chinese market because there is a lot of suspicious activity on the Bitcoin market and certainly in the future China will stop this ban and everyone It is possible to trade normally and Bitcoin prices will continue to go to the moon

China is too extreme today because they no longer want to talk about the rules, they forbid its citizens not to follow ICO and threaten to shut down many local markets, the latest news is china wants to really ban bitcoin, hope this is just a bad rumor and china begin to adapt coin like japan (J-coin), this is the best way to keep inflation.

[Ewinsane]

Yeah china's government is definite to ban their local exchanges till 30th september.
The goveenment has already issued regulations to exchanges that they should not accept new deposits or registrations on their websites.
The reason why ban imposed exchanges are still live in chaina is only for serving withdrawals to their clients.

Now i get it. I am also being curious towards the actions of Chinese governments upon banning cryptocurrency. For me it doesn't really makes sense that they will actually ban it permanently, and besides there are so many crypto users, traders and investors in that specific region and area, and still i was thinking that it wont be permanent ban.

Chinese traders who've been trading for a long time would probably find ways to continue especially those who have trading as a major source of income. I also don't fully grasp why rhe chinese government are acting like this towards cryptocurrencies but we'll endure with or without the chinese

They feel it is against their monetary policy and they are trying to see how they will control it. They know bitcoin itself cannot be manipulated and the highest they can do is target the exchanges for their own benefit.

China is not the house of bitcoin and it is already obvious that without them, bitcoin will still keep moving ahead. The traders are already finding alternatives and I believe they will realize in no time and find something to do to keep the train moving in their country. They do not have a choice, do they?

[pitiflin]

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

I heard a rumor saying that these exchanges will be shut down and they will be coming back with some regulations laid down by the Chinese government, now this might affect the market as it will ask users for their personal documents and a lot of people will be hesitate to do so. That might affect the markets,, but the chances are less.

[BitPACK]

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

I heard a rumor saying that these exchanges will be shut down and they will be coming back with some regulations laid down by the Chinese government, now this might affect the market as it will ask users for their personal documents and a lot of people will be hesitate to do so. That might affect the markets,, but the chances are less.

Last news which is coming from China ;
https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

[bmichael05]

Im sure that ctypto trading will return to China, but already in an updated, legalized version.
China occupied the leading positions in the mining and trading volume, it would be strange on their part to destroy all this.

[naidray]

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

It will give impact tot eh crypto but that will be not significant as the pboc announced to shutdown the exchange sites. But the ban was temporary. If we will be facing the date and i believe the bear market will come for the crypto.

I don’t think so that China will commit such a mistake which China had made in the past by banning Bitcoin and other crypto currencies. In fact, China will happily invest in Bitcoin and will promote the use and investment of Bitcoin amongst their citizens. Moreover, China will take very much positive steps for making the best use of Bitcoin in his country.

This is not about banning bitcoin, it is about shutting down of the exchanges that took place in mid September or so which caused huge dump in the price of bitcoin. China never said they were banning bitcoin. However, I thought some people speculated that they will reopen and regulate some of these exchanges by 30th of September but until now, there has been no news yet regarding that. They haven't really come out yet since then to let us know their stand on this but as it is, the exchanges are still shut down.

[mobilezz]

The ban of China will not affect the price of bitcoin, everyone has already moved away from this panic and the price will again skyrocket. New falls are not excluded, but I think that already because of other bad news.

[Crypto Carl]

I dont think that they would be able to completely ban bitcoin exchanges but rather monitor it. https://www.cryptxmoney.com/ have some nice articles on it.

[hieuho381]

The ban of China will not affect the price of bitcoin, everyone has already moved away from this panic and the price will again skyrocket. New falls are not excluded, but I think that already because of other bad news.

I agree with your opinion. China is not the reason for Bitcoin's decline because This market is heavily influenced by other nations, not China. I think China is just a small part of cryptocurrency