Following the crackdown by the Chinese government last month, bitcoin exchanges in China are looking to continue their businesses in cryptocurrency-friendly countries. Nineteen chinese companies are reportedly applying for a license to operate in Japan, while others are considering Singapore, Hong Kong, and South Korea.
According to Bloomberg:
"They’re applying for licenses in Japan — solo or via partners — setting up over-the-counter shops in Hong Kong, or laying the groundwork to operate from Singapore and South Korea."
Source: https://news.bitcoin.com/chinese-exchanges-japan/
What will be the impact of Chinese exchanges migrating to other cryptocurrency friendly countries on Bitcoin and other alternative coins price? Any possitive and negative effects? Thoughts?
Topic: Chinese Exchanges Seek second Chance in Japan and Other Crypto-Friendly Country (Read 142 times)
October 27, 2017, 09:59:35 AM
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