Topic: China bans exchangers / China exchangers CLOSED - page 6. (Read 4792 times)

The challenge is here for traders, not for true holders  
Traders always looking for profits, and this China news really a good speculation to dump whatever you have and buy back later when bitcoin fall to the bottom line. There's no any legit news report about China government really ban bitcoin and it's impossible I guess, so better to keep your bitcoin safe (for holders) and prepare to buy more cheaper coins if bitcoin price will fall even further. It's discount time.

This is a lie.

Chinese FUD always falls on a Friday...

There is ZERO proof that China intends to shutdown any exchanges except some obscure article written by some unknown persons... The whales are taking your money and you believe it's china!!

And for the second time in a row it happens during the weekend time, quite a coincidence 

Only the direct CNY to crypto exchanges, trading itself isn't banned.  Reikers also commented that they contacted the primary exchanges effected by it and said they haven't heard anything about it.

Translation of yunbis page, they are stating:

Through the study of the People's Bank of China and other seven ministries "on the prevention of tokens issued by the risk of financing," the spirit of the policy, the coin network in the careful discussion decided to use all the ICO way off the block chain asset transactions. The block-chain assets currently traded are QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN, VEN. The chain-chain assets that are about to resume trading include: BTC, ETH, ZEC, SC, BCC, ETC, BTS. Announcement details please see: part of the block chain assets off the assembly line notice

Oh well the news was fake,  It is a FUD to shaken weak hands.  Some of exchanges in china stated that they are operating fine.  We really cannot rely on the internet news alone without verifying it to the sources,  I hope not many people fall to this trick and sold their Bitcoin to the grinning whales.  Looks like Bitcoin will be bullish and be on uptrend price again    We can see it on the desperation to FUD Bitcoin market.

China is playing a lot of pranks these days. First ICO ban, now Bitcoin exchanges ban. Someone is making a lot of money with this.

The domestic exchange between all the virtual currency and the renminbi, represented by Bitcoin, and Etherman Square, will be closed in full time limit; however, the regulation is not against the virtual currency itself, nor does it prohibit the one-on-one OTC transaction of the virtual currency.

The supervisory authority has decided to close the exchange of virtual currency in China , which involves all virtual currency and denominations represented by "OKcoin", "coins" and "Bitcoin China" Of the exchange, the new financial reporter from the Internet financial risk special rectification work leading group (hereinafter referred to as the leading group) who confirmed the news, and understand that the resolution has been deployed to the local.

　　September 8, the third-party trading platform to pay the announcement, announced on September 5 and September 8, the spirit of Beijing Financial Work Conference and requirements, since the beginning of 17:30 to suspend all currency transactions.

　　This is following the September 4 People's Bank of seven ministries and commissions joint announcement (hereinafter referred to as the announcement) after further supervision action. The announcement will mark ICO (Initial Coin Offering) as "illegal financial activities" and order the ICO to be banned on the date of publication of the announcement. All ICO tokens trading platforms need to be cleared to close the transaction.

China is playing a lot of pranks these days. First ICO ban, now Bitcoin exchanges ban. Someone is making a lot of money with this.

same here, i cant get a definite read on this actually being real news yet. i heard the exchanges were still trading as well, im hoping this is just fud and not an additional complication. if china is truly out of the market for the time being, you have to figure the price would be waaay lower than this by now. but, if the exchanges really are shuttered, i can understand (still actually, nah, people would be holding bitcoin on personal wallets, would dump, and we wouldnt see folks rebuying so aggressively)

if this isnt true, people are going to be soooo pissed at viaBtc

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated. #bitcoin

Regarding tonight's rumors, we asked representatives from okc & huobi, they have not received any notice and they're operating normally

I don't even think the news is accurate. No one can confirm the story. I reached out to a Chinese friend on WeChat and he said this is classic FUD; he's trading on OKCoin as we speak.

This is just like the "China bans Bitcoin" episodes of 2013/2014. This time around, the Chinese exchanges have less influence on the market.

If China decides to ban the exchanges may not be seen as a good sign for bitcoin. Definitely bitcoin is going to tank in coming days because first China banned ICO, not exchanges and than may be bitcoin too with some laws in place. Many developing countries are watching bitcoin and the world especially China because they are the leaders and majority is being traded their. This decision may hamper the country to rethink if they want to legalize the bitcoin per say or change their decision may also be effected due to this move.