"Big News From China" is spreading false information, Exchangers are banned !

[tscen]

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

[kink0r]

i love drama

[Denker]

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

Oh look! Another troll account!

[tscen]

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

Oh look! Another troll account!

Why are you lying to the fact? and blamed someone who wakes you up from the fake sweet wet dream..

[btc_angela]

We don't need another drama from China. Bitcoin had already moved without them. They are not relevant anymore and no amount of fake news or drama will affect the market price. If Huobi or another Chinese exchange opened, then so be it. We welcome them. But I hope those news will not really swayed the price to moved sideways again or even dip a little. As I hav said, we are done with China, we enjoy ATH without them.

[TheMojo1]

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

China need again to down bitcoin price and buy more to buy price again more than 2,000$  this fake news only will make newbie sell them btc

[DaMut]

there are a lot of people telling this and that and noone can provide us a solid source.
to be honest i do not really care about your drama and others,
what i really care is my lovely Bitcoin,no matter what price is it as long as it keep growing i will always love it.
let say chinese banning it,so what ? we have a world to love it and take care of it.
but what happen if chinese do not ban it ? nothing change,right ?
cryptocurrency and other assets are different,bear it in your mind.
always move to the opposite side from what people say and never believe it before you prove it by yourself.

[tscen]

there are a lot of people telling this and that and noone can provide us a solid source.
to be honest i do not really care about your drama and others,
what i really care is my lovely Bitcoin,no matter what price is it as long as it keep growing i will always love it.
let say chinese banning it,so what ? we have a world to love it and take care of it.
but what happen if chinese do not ban it ? nothing change,right ?
cryptocurrency and other assets are different,bear it in your mind.
always move to the opposite side from what people say and never believe it before you prove it by yourself.

You are totally wrong. there is no "a lot of people telling this and that".

China did ban exchangers, and exchangers have all made public announcements of shutdown process on their front pages. and you are still "confuse" if its true?

I don't care about the market influence neither, i see someone trying to spread FUD about huobi is re-opening and "China is not banning anymore", that's why i make this fact clear.

[makishart]

there are a lot of people telling this and that and noone can provide us a solid source.
to be honest i do not really care about your drama and others,
what i really care is my lovely Bitcoin,no matter what price is it as long as it keep growing i will always love it.
let say chinese banning it,so what ? we have a world to love it and take care of it.
but what happen if chinese do not ban it ? nothing change,right ?
cryptocurrency and other assets are different,bear it in your mind.
always move to the opposite side from what people say and never believe it before you prove it by yourself.

You are totally wrong. there is no "a lot of people telling this and that".

China did ban exchangers, and exchangers have all made public announcements of shutdown process on their front pages. and you are still "confuse" if its true?

I don't care about the market influence neither, i see someone trying to spread FUD about huobi is re-opening and "China is not banning anymore", that's why i make this fact clear.

I don't care about what are you saying as long as bitcoin still on the right way and this time gets almost 7% increase. We will touch another new ATH soon.
Can you give me a reliable source or proof to proves your opinion about the bitcoin exchange are banned in the china?
A lot of people are lying about that. It seems you are including in there.

[tscen]

there are a lot of people telling this and that and noone can provide us a solid source.
to be honest i do not really care about your drama and others,
what i really care is my lovely Bitcoin,no matter what price is it as long as it keep growing i will always love it.
let say chinese banning it,so what ? we have a world to love it and take care of it.
but what happen if chinese do not ban it ? nothing change,right ?
cryptocurrency and other assets are different,bear it in your mind.
always move to the opposite side from what people say and never believe it before you prove it by yourself.

You are totally wrong. there is no "a lot of people telling this and that".

China did ban exchangers, and exchangers have all made public announcements of shutdown process on their front pages. and you are still "confuse" if its true?

I don't care about the market influence neither, i see someone trying to spread FUD about huobi is re-opening and "China is not banning anymore", that's why i make this fact clear.

I don't care about what are you saying as long as bitcoin still on the right way and this time gets almost 7% increase. We will touch another new ATH soon.
Can you give me a reliable source or proof to proves your opinion about the bitcoin exchange are banned in the china?
A lot of people are lying about that. It seems you are including in there.

I dont know people are so dump these days, can't even check for the public announcement on the website frontpage.

https://www.btcchina.com/ such a huge banner of "shutdown announcement" on the frontpage, pick eng at the bottom-right then you can see english version of details.
https://www.huobi.com/ on the middle of frontpage, " 公告：关于火币网（huobi.com）停止所有虚拟货币交易业务的公告" --> Announcement: huobi.com about to shutdown all virtual currency trading
https://www.okcoin.cn/t-2510731.html "OKCoin币行网(okcoin.cn)关于停止人民币交易业务的公告" --> Announcement: okcoin.cn stop virtual currency/CNY trading
etc..

All Chinese exchangers have disabled user registration and fiat deposit since last month, they are all going to completely shutdown before 1 November (stop trading & withdrawal).

I told you already, here is not about price or market talk, its about pointing out that the post of "Big News From China" is spreading false information.

[DustyRah]

Just want to say that I am so glad China is finally out of this. The only fear I had was that China would continue to screw around and ruin what Bitcoin stands for.

Its ridiculous to expect a DECENTRALIZED currency being used in a country which has the most centralized power.

Goodbye China, we will not miss you~

[mobnepal]

Just want to say that I am so glad China is finally out of this. The only fear I had was that China would continue to screw around and ruin what Bitcoin stands for.

Its ridiculous to expect a DECENTRALIZED currency being used in a country which has the most centralized power.

Goodbye China, we will not miss you~

It is true that chinese trader used to manipulate the market so much before but if all countries will follow china and keep banning exchange of crypto for fiat than it will be really bad for bitcoin investors/users. Bitcoin was developed to be used as means of payment worldwide but right now people from many countries are still struggling to get cash for their bitcoin 

[Febo]

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

I am surprise such news come out before 19th National Congress of the Communist Party of China ends. Might be totally invalid announcement.  We need to understand what this congress is. It happens only every 5 years and on congress Communist party put out plan for next decades. Usually they also announce who will be China president 5 years from now. So whatever happen before the end of congress is just nonsense. Same all what happened before congress. Basically they just told them that there will be a regulations, what everyone knew will be in every single country that exist on the Earth.

[pitham1]

News about China no longer moves the price down. If there is some positive development from China, the price might move up. So the false information and rumour mongering from China is going to be a futile exercise.

[candy27]

there are a lot of people telling this and that and noone can provide us a solid source.
to be honest i do not really care about your drama and others,
what i really care is my lovely Bitcoin,no matter what price is it as long as it keep growing i will always love it.
let say chinese banning it,so what ? we have a world to love it and take care of it.
but what happen if chinese do not ban it ? nothing change,right ?
cryptocurrency and other assets are different,bear it in your mind.
always move to the opposite side from what people say and never believe it before you prove it by yourself.

You are totally wrong. there is no "a lot of people telling this and that".

China did ban exchangers, and exchangers have all made public announcements of shutdown process on their front pages. and you are still "confuse" if its true?

I don't care about the market influence neither, i see someone trying to spread FUD about huobi is re-opening and "China is not banning anymore", that's why i make this fact clear.

I don't care about what are you saying as long as bitcoin still on the right way and this time gets almost 7% increase. We will touch another new ATH soon.
Can you give me a reliable source or proof to proves your opinion about the bitcoin exchange are banned in the china?
A lot of people are lying about that. It seems you are including in there.

Where have you been for the last few months?!

Here is fortune magazine talking about it:

http://fortune.com/2017/09/15/china-shutting-down-beijing-bitcoin-cryptocurrency-exchanges/

It's a mainstream American magazine and a very reliable source.

[8270thNinja]

Thank you for the clarification. I think the title of that thread should be "Big News From China's biggest cryptocurrency exchange". Another lesson learned for today, I think we should really research the threads and news posted here.

Guys, It has nothing to do With CHINA. Read the FIRST POST.

[tscen]

Thank you for the clarification. I think the title of that thread should be "Big News From China's biggest cryptocurrency exchange". Another lesson learned for today, I think we should really research the threads and news posted here.

Guys, It has nothing to do With CHINA. Read the FIRST POST.

In fact, they can't be called as China's exchange at all, they are not registered in China and doesn't support CNY deposit/withdrawal. which means no average Chinese traders at there.
The only thing China related is the exchange is running by Chinese in China.

you can think as this: some American registered an exchange at HongKong and only do EUR deposit/withdrawal/trade and doesn't / can't accept any kind of fund from/to America (say America used the same capital controls as China's).
Is it an American exchange then? compare the differences between this exchange and coinbase/gemini.

[talkbitcoin]

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

unless you can give us the official Chinese government announcement saying "exchange of cryptocurrences with CNY is banned", you are spreading FUD.

they have closed exchanges. true.
these exchanges were big and were working with CNY. true.
but it doesn't mean they have banned trading of cryptocurrencies. there are still other exchanges and people are trading them easily. you can check out localbitcoins and the huge CNY volume that comes out of there if you want.

[tscen]

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

unless you can give us the official Chinese government announcement saying "exchange of cryptocurrences with CNY is banned", you are spreading FUD.

they have closed exchanges. true.
these exchanges were big and were working with CNY. true.
but it doesn't mean they have banned trading of cryptocurrencies. there are still other exchanges and people are trading them easily. you can check out localbitcoins and the huge CNY volume that comes out of there if you want.

Yo fuder. here is the info you asked, you are welcome.


http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

"中国人民银行 中央网信办 工业和信息化部 工商总局 银监会 证监会 保监会 关于防范代币发行融资风险的公告 04/09/2017" Announcement issued by "People's of China Central Bank, Internet Information Regulation Office, Office of the Ministry of Industry and Information Technology, Trade and Industry Bureau, Banking Regulatory Commission, Securities Regulatory Commission, Insurance Regulatory Commission 04/09/2017"

"三、加强代币融资交易平台的管理
本公告发布之日起，任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务，不得买卖或作为中央对手方买卖代币或“虚拟货币”，不得为代币或“虚拟货币”提供定价、信息中介等服务。"
Chapiter 3,
Since the day of this announcement, any kind of so called cryptocurrencies exchange
shouldn't provide fiat CNY <--> cryptocurrencies nor cryptocurrencies <-> other cryptocurrencies trading service,
shouldn't sell/buy cryptocurrencies,
shouldn't set/provide price index for cryptocurrencies,
shouldn't act as trading escrow (p2p) neither.
cryptocurrencies = all kinds of cryptocurrencies, bitcoin, altcoins, shitcoins, ico scam coins, myass coin, fud gold, fake money, talkbitcoin fuddermonies or whatever..


Exchangers should be thankful to be given some delay (until the end of this month) to close down and clear the house and refund client's fund.
Now, you cool?

[tscen]

News about China no longer moves the price down. If there is some positive development from China, the price might move up. So the false information and rumour mongering from China is going to be a futile exercise.

Exactly! there is only ban and no such "re-open" thing. they are all closing down in 3 days before 1/11/2017.