!!LEAKED!! NEWS !!! Chinese Exchange Closure plans

in news •  last year

Here you go my new Family,

Chona exchanges co neonews.png Image c/o neonewstoday.com

Leaked documents that states/outlines the Chinese closures of the Exchanges, in China in English :)

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  1. Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office. Exchanges shall deal with their claims and liabilities properly, and insure that investors’ funds and virtual currencies are safe.

  2. Before 20 September 6pm, exchanges shall determine a bank account, which will be used for depositing user funds. All other accounts in banks and other non-bank payment service providers shall be canceled and reported to the Business Management Department of People’s Bank of China.

  3. Before 15 September midnight, exchanges shall publish closing announcements, and announce a schedule to stop the trading of all virtual currencies. New user registration shall be stopped immediately after the announcement.

  4. Shareholders, controllers, executives, and core financial and technical staff of exchanges shall cooperate fully with authorities during the clearing, while staying in Beijing.

  5. Exchanges shall report their developments daily to local authorities before the clearing is completed.

  6. Exchanges shall save all user trading and holding data, and send it to local authorities immediately in DVDs.

The document is signed: The office of the Leading Group of Beijing Internet Financial Risks Remediation, Sept. 15, 2017

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This link is for BTCC series of tweets to ponder on

https://twitter.com/YourBTCC/status/908647813491318785

SO we will have a chance to get our investments back.
YoBit is no loss to me, but I will miss viaBTC.

Here is a wiki link to all exchanges and which are located in China/Beijing where the ban will be imposed.
https://en.wikipedia.org/wiki/List_of_bitcoin_companies
As far as I know Hong Kong is exempt from this ban, But please correct me if I'm wrong, Please.!

I thought I'd give you all a chance to see the leak and prepare for the 30th sept 2017.

Empty what you can into currencies to send to a wallet or hope that your funds are deposited into an account you can gain access to...come on Barclays...come on you blues!!! They should have a good chance to get selected.

For some reason, I feel it's the right time to buy Ripple but never take my word for it, It may just be gas, actual gas in my stomach. But at the rate it's at now, a few thousand can't be bad to hold on to, a few thousand more I mean, If you haven't got any yet, Why?

Anyway, This was a leak from a Chinese Social media site and seems to provide quite a bit of information towards their plans.

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.coinspeaker.com/2017/09/15/chinas-bitcoin-exchange-need-stop-trading-virtual-currencies-amid-crackdown/

YourBTCC BTCC tweeted @ 15 Sep 2017 - 11:04 UTC

4/ BTCChina Exchange and BTCChina Blockchain+ have enough funds to accommodate all customer withdrawals, including CNY, BTC, LTC, BCC, & ETH

Disclaimer: I am just a bot trying to be helpful.

That is so awesome. I am very grateful for that! Love it.