UPDATE: CHINA MOVE ON CRYPTO EXCHANGES SOURCE FOUND

Thanks to a fellow steemer for pointing his finger to the real source (thanks @winnieoriana) of all the debate on the witch hunt and the actual trigger to the red numbers we are seeing today along the board. (see my previous post regarding the non quoted source from bloomberg).

Reuters reported that a Chinese Central Bank Senior person revealed a memo on a discussion held by the government to review the matter.

Please read carefully, a source from the Central Bank showed a memo, so there is no decision taken, so nothing new on the matter. As mentioned before this is a new taken step to attack the markets, moved by who knows who, as mentioned on my last article from 3 hours ago.

Among the phrases read in the memo it can be found the following:

-“The financial work conference clearly called for limiting ‘innovations’ that deviate from the need of the real economy and escape regulation,”
-“Pseudo-financial innovations that have no relationship with the real economy should not be supported,”

So in the end nothing new in the sky, don't fall for the #FUD and keep updated on the latest news.

Reuters article:

https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ