Why Is China Shutting Down Bitcoin Exchanges?

annhoyblog (55)in #bitcoin • 9 years ago (edited)

According to leaked documents, China is slapping new regulations on Bitcoin exchanges and two of them have already complied with their regulations and shut down. They are BTCC and ViaBTC.

Executives at the exchanges said they received "verbal directives" to shut down, and no official documents.

Read the full article here from Coindesk:
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/?utm_content=bufferd5f92&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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#news #china #cryptocurrency #blockchain

9 years ago in #bitcoin by annhoyblog (55)

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artedellavita (64) 9 years ago

I don't think this is a reason to panic but to buy!

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1 vote

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annhoyblog (55) 9 years ago

yes, they are filtering out some to make others stronger maybe?

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1 vote

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artedellavita (64) 9 years ago

It's just a pattern in crypto really, up and down. Been trading $BTC since 2011 and I have seen it move all around. I know there is no way to go but up and so far it's not to late to invest in a few coins.

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1 vote

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