People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
China banned all cryptocurrency exchanges that operates inside their country and i think now they also banned foreign exchanges. but the truth is chinese exchanges can still operate but can only accepts people outside their country or continue by just migrating to another country, some chinese exchanges do that. as far as i know binance is based on china but they have servers from different countries that is why they can still operate. 
Topic: Are Chinese exchanges banned or not? (Read 200 times)
China officially banned cryptocurrency exchanges after announcing it was considering the move back in September. The last digital currency exchange in China was shut down as of November 1. With that final closure, the exchange of digital currencies in China officially became illegal. However, that's not to say that Chinese investors are not involved in the cryptocurrency space, only that they have been forced to look to other areas for their trading.
People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
banned from where?
In order to prevent the use of bitcoin to store corrupt assets, the state of China has toughened the market for cryptocurrency and bitcoin. You can also see that this ban has also greatly affected the cryptocurrency market. China's large crypto trade pages have moved to other countries to continue the trade. I think that the cryptocurrency market is growing so strongly instead of preventing governments from learning how to operate the market for better management.
many people say that Chinese exchanges are banned but it would not be a problem anymore, because the economy is bigger. and it would not be true for everyone to be happy. thanks.
People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
I think this is FUD issue that make us scary on that time and end with panic sell.
And also the south korea issue, this make very big impact to cryptocurrency market.
People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
I have the same question but i dont have the real answer about this.
I think most people think this is just speculation to make people panic and big player play the game.
Recently the Chinese government is to develop and research new policy, at present a lot of Chinese people can also through the exchanges, but don't know the new policy will not affect offer Chinese overseas trade of point to point all have no effect on!
Maybe this is a problem created to weaken the bitcoin price, maybe this is an opportunity to buy bitcoin.
Now, I think it's a good time to buy bitcoin, and I think it will continue to rise after this time period! Good preservation of BTC, I believe BTC will bring us hope, and will bring us opportunities!
Maybe this is a problem created to weaken the bitcoin price, maybe this is an opportunity to buy bitcoin.
For current downtrend mostly because of South Korean tax issue.
If you remember that before Chinese exchange get shut by government the value keep increasing and after the government have decide to ban bitcoin, bitcoin value experience massive downtrend !
But I heard not all exchange stop their operation until their government make another policy against bitcoin , once again
Maybe this is a problem created to weaken the bitcoin price, maybe this is an opportunity to buy bitcoin.
There are no exchanges in China at the moment, and many exchanges need to exchange renminbi for dollars to trade! Recently, the Chinese government and the rok government have made some policies, which has led to the panic of many investors. I believe that the market will continue to recover after a smooth ride.
That's quite a bit of speculation. An official announcement from china could send the price hurdling either direction.
I thinks its not true because bitcoin is banned in china otherwise altcoin or tokens too, So they cant do banned some exchangers
People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
I have update information about the china exchanges specially in the crypto because my late update are china banned crypto because government want to regulate bitcoin, if have more information update for the china about crypto please I will appreciate sharing the link news thank you in advance.
There are no exchanges in China at the moment, and many exchanges need to exchange renminbi for dollars to trade! Recently, the Chinese government and the rok government have made some policies, which has led to the panic of many investors. I believe that the market will continue to recover after a smooth ride.
In the short term markets are unpredictable because it can move in both directions but in the long run, bitcoin looks very attractive at a current market price. Chinees wants to close all their exchanges and now I don't think any exchanges are still active in China. Once all miners moved to other places where they can get cheaper electricity then prices may start stabilizing.
There are no exchanges in China at the moment, and many exchanges need to exchange renminbi for dollars to trade! Recently, the Chinese government and the rok government have made some policies, which has led to the panic of many investors. I believe that the market will continue to recover after a smooth ride.
People say China banned exchanges in September ... yet several Chinese exchanges are operational. What is the truth ?
I think that they have a way to bypass these restrictions anyway. The news is being spread even when its not true. Its not the exchanges that's been banned, it had been explained over and over but of course traders want news and its a tool of advantage. But you're right, it doesn't matter either way bitcoin survives and will continue to do so even when it will hit back to $2000 right when the rally started. New coin is supported by the chinese, why would they choose to shutdown all the exchanges?
Basicly its doesnt matter. Exchanges will move to Singapur or whatever. Nothing will stop crypto train now.
Difficult question. As history showed, news speculation in China is not new. It is very convenient to manipulate the news to give the necessary news background. Therefore, while the information has not been confirmed by authoritative sources, it can be a fake. But even if it's true later the authorities can change their mind or soften the rules, this is China ..
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