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Topic: China bans exchangers / China exchangers CLOSED - page 8. (Read 4769 times)

hero member
Activity: 1218
Merit: 557
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.
full member
Activity: 238
Merit: 100
it doesn't matter, bitcoin is decentralized
legendary
Activity: 1470
Merit: 1004
Definitely a good decision even If the price is starting to get some damage a little bit. We want decentralization, Chinese controlling exchanges with high trading volume and mining farms is not going to help.

high trading volume = fake volumes by using the willy bot
staff
Activity: 3500
Merit: 6152
Definitely a good decision even If the price is starting to get some damage a little bit. We want decentralization, Chinese controlling exchanges with high trading volume and mining farms is not going to help.
full member
Activity: 2548
Merit: 217
it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on).  Cheesy


http://m.finance.caixin.com/m/2017-09-08/101142797.html
but sir someone post here in forum china allow again the ICO, the china government regulate the ICO to protect the investor because of the illegalities  as you said, from now i will wait the clearfying the about the issue, and i believe for bitcoin the show must go on.
sr. member
Activity: 1190
Merit: 306
That's fine by me, for two reasons.  One, I don't live in China, nor do
I use Chinese exchanges.  And two, those are some of shady businesses
known to man. They should be illegal and I'm not sorry China is
cracking down on them.  I won't call myself pro government by
any means, but the exchanges need some regulation.  This paves
the way for that.
legendary
Activity: 1470
Merit: 1004
it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on).  Cheesy


http://m.finance.caixin.com/m/2017-09-08/101142797.html

That means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned Smiley

Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible
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