I think we have a lot of misunderstanding here. From my point of view the intention of China was not to close exchangers and ban the bitcoin but to regulate them. Exchangers will adjust and regulate their business and there is no reason for this to further affect bitcoin price, it's time for users to open up again and for price to recover.
Of course, there are spreading many FUD last couple of weeks. For now, ICO's will continue in China, but with more regulations so scammers don't steal citizens' wealth. But, it's true some big exchange were shut down, but I think they will come back again some different way.
Topic: China closes exchanges - page 3. (Read 3034 times)
Is there any possible impact on Hong Kong exchanges, Bitfinex eventually?
I think that hong kong exchanges stay totally out of china's regulations and they would continue to work as before.The new regulations and license are only for chinese exchanges out of which BTCC has voluntarily shut down few days before.very soon,we could expect that other exchanges like OKCoin,Huobi would apply for a license and then continue to function.But,i think that bitcoin trading will not be in huge volume here after in china as before.
I think we have a lot of misunderstanding here. From my point of view the intention of China was not to close exchangers and ban the bitcoin but to regulate them. Exchangers will adjust and regulate their business and there is no reason for this to further affect bitcoin price, it's time for users to open up again and for price to recover.
I sometimes wonder this news from China happen one time and go, but looks like news are periodically repeating themselves. So, it has an effect of Bitcoin price. Maybe the effect will be less and less at next schedule of repeating news.
The effects of these announcements are getting milder, the Chinese government thinks they are always going to be the most influential country but that is slowly changing and if they keep doing things like that then they are going to lose that spot very soon and I cannot wait for the day that happens and they give news such as the ones in the last weeks and the market does not move at all. 
How come some Chinese exchanges are not closed? I saw that some like OKCoin.cn, BTCC and BTC38 are functional, but others like Yunbi and ViaBTC shut down? Will they shut down later this month?
Well the only that will be closing are the pairs on the exchanges such as BTC/CNY, ETH/CNY and so on. Its not the exchanges themselves however it will crippled the market as most of the money comes from the their Yuan. Investors from China will have to buy USD first.
How come some Chinese exchanges are not closed? I saw that some like OKCoin.cn, BTCC and BTC38 are functional, but others like Yunbi and ViaBTC shut down? Will they shut down later this month?
or perhaps the government of china is tracking down who among their people are laundering in and out. USD getting into China are massive too knowing there are tons of US companies in there. maybe this is just part of a bigger plot apart from bringing the price down who knows. the rich ones are very much lucky to have bought about a hundred btc by now.
The exchangers in China, who closed their services simply have to get licences and then may continue their services also in China, I guess. It is probably to avoid scam coins and cheating services. So I don't see a ban to Bitcoin.
No one can banned bitcoin because it is decentralized and everybody know that but if it is about china and there are closing exchanges so you are right somewhere that they are closing fake and scam coins. So be avoid scam coins.
I think it is mostly that they want control of the exchanges , they want to know who has bitcoin and how much they have.
China closing their exchanges actually quite shocks me. At first I thought they were simply manipulating their currency as they do with their own fiat, but now I really am questioning their intentions.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Closing their exchange is like they pull out a thorn in our throat.
Look at the brighter side of this, as they closed their exchange the scam or fraud exchange in the market are lessen and traders can breathe easily like no more worrying if you got scam.
However, China is planning to create their own exchange that's why when bitcoin had dumped they bought as many as they can and surely taking profit afterwards.
This would not surprise me in the slightest. I can see China opening their own exchange most certainly, a government regulated, data-collecting exchange to take all of the profits for themselves.
China closing their exchanges actually quite shocks me. At first I thought they were simply manipulating their currency as they do with their own fiat, but now I really am questioning their intentions.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Closing their exchange is like they pull out a thorn in our throat.
Look at the brighter side of this, as they closed their exchange the scam or fraud exchange in the market are lessen and traders can breathe easily like no more worrying if you got scam.
However, China is planning to create their own exchange that's why when bitcoin had dumped they bought as many as they can and surely taking profit afterwards.
This would not surprise me in the slightest. I can see China opening their own exchange most certainly, a government regulated, data-collecting exchange to take all of the profits for themselves.
China closing their exchanges actually quite shocks me. At first I thought they were simply manipulating their currency as they do with their own fiat, but now I really am questioning their intentions.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Closing their exchange is like they pull out a thorn in our throat.
Look at the brighter side of this, as they closed their exchange the scam or fraud exchange in the market are lessen and traders can breathe easily like no more worrying if you got scam.
However, China is planning to create their own exchange that's why when bitcoin had dumped they bought as many as they can and surely taking profit afterwards.
They are closing their own exchanges and this is damaging their people. This is interesting and first time I've ever seen that a country damages its citizens. Most of the chinese guys are in blockchain as we all know.
China closing their exchanges actually quite shocks me. At first I thought they were simply manipulating their currency as they do with their own fiat, but now I really am questioning their intentions.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Closing their exchange is like they pull out a thorn in our throat.
Look at the brighter side of this, as they closed their exchange the scam or fraud exchange in the market are lessen and traders can breathe easily like no more worrying if you got scam.
However, China is planning to create their own exchange that's why when bitcoin had dumped they bought as many as they can and surely taking profit afterwards.
China closing their exchanges actually quite shocks me. At first I thought they were simply manipulating their currency as they do with their own fiat, but now I really am questioning their intentions.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
Why at the height of Bitcoin growth (more popular now than it has ever been) would you close exchanges? China was a global leader in BTC and it now set to pass the torch to someone else thanks to a stupid political decision.
This is the worst disaster for bitcoin, when the price is skyrocketing but china confirm will close the exchanges of course have big impact so the price is hard to reach $ 5000, hope this soon finish.
What do you consider a disaster ,the price drop after an increase of over 300% in the last few months 
expect these sort of movements in the market and especially in the crypto currency market as a single news could move the market in either directions,China closed its doors for exchanges to regulate them and i think it is for the better as we wont see any more manipulation with volumes from their exchanges.people have been tripping about this minor retraction in the face of triple digit gains
there is no end to the enthusiasm here. but folks will learn when we have a real and serious correction, which shouldnt be too far out.it seems like people are intentionally being dense about this. language matters people, and China isnt 'banning' a damned thing. the worst case scenario is an extended pause; they are simply putting the markets on ice until everyone comes into compliance. i dont know which objection came first, the reaction to the ico craze or the reaction to the surge in bitcoin price (coincidence my ass, every time we approach ath levels, we get a Chinese rumor that brings shit down a bit.
we have been here before, people. hold the damned coins and continue on as normal. and stop making this fud-ish assed threads, you would be surprised how many people use this board as gospel.
just say no to fud.
This is the worst disaster for bitcoin, when the price is skyrocketing but china confirm will close the exchanges of course have big impact so the price is hard to reach $ 5000, hope this soon finish.
What do you consider a disaster ,the price drop after an increase of over 300% in the last few months expect these sort of movements in the market and especially in the crypto currency market as a single news could move the market in either directions,China closed its doors for exchanges to regulate them and i think it is for the better as we wont see any more manipulation with volumes from their exchanges. 
I am afraid to suppose how much this license is going to cost. Only strong and trustworthy exchangers are going to allow themselves to work. That the first step to bitcoin regulation and all crypto-currencies in general. I think other countries will follow this example soon.
Yes!
Great news at the end of the day(rainy by the way)...
Currently China closes all exchanges without license, what means that next exchanges(the same copmanies but with licenses or brand new) will bring new quality into market and as a consequence more faith(investorns).
Great news at the end of the day(rainy by the way)...
Currently China closes all exchanges without license, what means that next exchanges(the same copmanies but with licenses or brand new) will bring new quality into market and as a consequence more faith(investorns).
Well if the measures being taken from China are connected into the legalization and a real license i do understand and support such behaviour, since crypto does need safety places to be traded like people does trade over stock market. One thing is sure, the China has big influence over crypto since big miners are located there and there is a big interest from there as well, last days were a nightmare to handle with rumours, now knowing this will really happen and possible in the future exchanges will be reopend and legalized does make me feel more safety as trader.
The medal of legalization has two sides. The one is, that customers can feel more secure, the other side is, that we loose our freedom and privacy against financial systems. 
Well if the measures being taken from China are connected into the legalization and a real license i do understand and support such behaviour, since crypto does need safety places to be traded like people does trade over stock market. One thing is sure, the China has big influence over crypto since big miners are located there and there is a big interest from there as well, last days were a nightmare to handle with rumours, now knowing this will really happen and possible in the future exchanges will be reopend and legalized does make me feel more safety as trader.
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