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glerant
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January 19, 2018, 12:13:48 PM |
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Binance are in Hong Kong so they won't close any time soon.
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longminh123
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January 19, 2018, 12:16:18 PM |
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I don't think these two exchanges will close because these are the best 2 exchanges at the moment. If these two exchanges are closed, it will surely create a huge effect and may cause the Cryptocurrency market to completely collapse.
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OffshoreDedicated
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January 19, 2018, 12:19:51 PM |
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China can ban their access in China but can't take them down. Binance is already a big exchange with a huge number of users. They can't shut it down that easily. Binance have their BNB as well  |
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Fatmoo
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Activity: 117
Merit: 100
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January 19, 2018, 12:23:16 PM |
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According to the news, in the current state, China is considering to ban domestic access to these exchanges; so if the ban goes through, these exchanges shouldn't be accessible from China, but for the rest of the world everything should be hopefully OK.
Hopefully. For sure some of the people now hesitate to buy/deposit coins to these exchanges platforms; not until they will have an official announcement regarding this news to clarify things. |
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andriw
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January 19, 2018, 12:25:50 PM |
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According to the official telegram group of binance, binance will not closed.
Here is the answer about China Ban Cryptocurency,
The first round of banning last year was about closing down all FIAT exchanges, which is why Binance moved to Japan and HongKong. And also Binance is smart enough to stay away from FIAT since then.
The incoming second ban - this time is about closing down all OTC market. Stopping people doing private sales which is still available up till now. That’s why all Chinese are selling their coins.
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wizmo
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January 19, 2018, 12:30:24 PM |
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Binance is a very popular exchange and I don't think they will close it any time soon but I'm not sure about the other one. I've been trading on Binance in past and I never had a single problem with them I highly recommend it but it's a bad idea to keep all your money on a exchange since no one knows when they will close down and run away.
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mayan251
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January 19, 2018, 12:38:19 PM |
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I believe the two exchanges will not be closed. Because their servers are not in China. It has been moved to overseas. All needless to worry about.
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emmmmm
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The Experience Layer of the Decentralized Internet
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January 19, 2018, 12:40:19 PM |
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I believe the two exchanges will not be closed. Because their servers are not in China. It has been moved to overseas. All needless to worry about.
I also believe that the these two exchanges will not shut down, because the two exchange transactions are the encryption monetary market need, if close the these two exchanges, so for the encryption of monetary market is very serious, even lead to the arrival of the bear market. |
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linkybit
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Keep Working
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January 19, 2018, 01:29:59 PM |
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China can block their access in China but I think they can't close them for the whole world unless they are based in China, which is not the possibility as they move out from China after last year news.
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damberg
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January 19, 2018, 01:39:01 PM |
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The notion fo their business could be an advantage for them against Chinese government. I bet they are spread across more than two datacenters on at least two continents so they can migrate quickly from Chinese jurisdiction. And nothing prevents them from moving the company and the team to sunny Singapore |
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Cnut237
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January 19, 2018, 01:42:34 PM |
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It seems that China intends to further crack down on the cryptocurrency market, while binance and OKEX are both Chinese exchanges, and the founders are all Chinese. I am very concerned about whether the exchange will be closed.  I wouldn't be concerned about Binance, I think it will be fine. But some smaller exchanges might suffer with government crackdowns. Always a good idea to not keep your crypto on the exchanges though as we're all aware that there can be problems. Have everything in private wallets, and only keep what you need for trading on the exchanges. |
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cryptotwited
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January 19, 2018, 01:44:57 PM |
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I have an account in Binance and not going to bother to withdraw funds or stop trading. At the end, it's only Binance that has Native android app for trading from my TAB  |
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bucksman5233
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January 19, 2018, 01:50:06 PM |
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First of all binance is not working from China. It has offices in Hong Kong and Korea.
Second watch the conference that was held yesterday at Seoul. In that conference binance owner spoke about regulations and rules in different countries and they are going to abide by all this terms. So practically it's safe
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mazdafunsun
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January 19, 2018, 02:11:13 PM |
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You newer know what can happen with China. More likely that binance will be banend for chinese customers/residents.
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puremage111
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January 19, 2018, 06:07:59 PM |
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dont think that will happen, it is not a china based exchange Furthermore, i think they registered on under locale which will make them free of the ban  |
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BTCMILLIONAIRE
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January 19, 2018, 06:10:51 PM |
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As already mentioned, Binance isn't incorporated in China, so the PBoC crackdown is irrelevant to it.
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testingbits
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January 19, 2018, 06:59:00 PM |
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hope not, think they got many customers outside china from many countrys worldwide
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ship66
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January 19, 2018, 08:32:02 PM |
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AFAIK Binance is oparated from Japan.
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gazilla
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January 19, 2018, 08:37:39 PM |
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If it ever came down to that I think they would just move elsewhere where they can operate freely. I mean they run a multi-billion Bis, how could they. I know I would not.
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Coins_Hiro
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January 19, 2018, 08:44:58 PM |
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As far as I know, Binance based on a post on Reddit is not from China so rest assured that it won't halt its operations even if China bans exchanges (again). Binance servers are located in Korea and Japan and the company is based in Hongkong. HK is a country different from China so I guess it doesn't have to adhere to the rules implemented by China. These exchanges are big and popular so I think they have plan B to Z to assure their clients how safe is their funds in them.
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