[2018-01-16] Bad News from Asia Leads Cryptocurrency Prices to Fall Dramatically

[Vladdirescu87]

January 16, 2018, most of the cryptocurrencies faced massive falls due to negative news from Asia. Following South Korea’s decision to ban cryptocurrency trading, China's central bank expressed its plans to block all local and offshore, individuals and businesses that provide centralized cryptocurrency exchange-like services.

According to reports, the Vice Governor of the People's Bank of China, Pan Gongsheng, stated that the government would continue to apply pressure to the virtual currency trade and prevent the build-up of risks in that market.

Read more on Coinidol: https://coinidol.com/bad-news-from-asia-leads-cryptocurrency-prices-to-fall-dramatically/

[CryptoBry]

This is just showing us how powerful China is and we in the cryptocurrency community no matter how many could not do anything about this situation. Just a pronouncement from China will continue on having a gargantuan though unnecessary effect on how the cryptocurrency market can be moving. I really thought that last year we have already kicked out China out of its influence in the market and yet is it is already January 2018 and China is still using its influence. When we the people learned to stand up against the bullying stance of China? When will the real revolution from the cryptocurrency community begin against China? Or am I just pipe dreaming?