BTCC Closes For Chinese Trading
BTCC No Longer Available For China Based Trade
An article published on Coin Desk today here, states that BTCC has closed its China based trading.
In a tweet accompanying the closure, BTCC claims to have had the longest known lifespan for a cryptocurrency exchange, having operated for a "world record" of 2,305 days.
I'm not well versed on how long each exchange has been running, but that's pretty impressive if true.
The article also says that the website will continue to operate for non-China based business, and that their mining operations will not be affected.
Another quote of interest is this:
Other major cryptocurrency exchanges in the country – including Yunbi, Huobi and OKCoin – are expected to cease trading by the end of October.
So maybe we're not quite out of the woods yet with regards to China, although this article posted on Bitcoin.com seemed to have a more positive outlook saying:
The Chinese government’s decision to cease the operations of all cryptocurrency exchanges except for Okcoin and Huobi right before the nation’s virtual currency regulations are set to come into effect, has led to speculation that the surviving exchanges may be the only cryptocurrency exchanges permitted to operate in China moving forward.
I guess we'll have to wait and see...
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