Chinese regulators issued closure notices to bitcoin and cryptocurrency exchanges last week, informing them that they must voluntarily shut down.
On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.
READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/
This is a few weeks old. What i´ve been reading around this China news is that they felt they had no grasp on the crypto exchanges nor had any part on the profits generated by them and ICO´s. So they came in hard with Threats of closure so that the exchange owners feel some fear and accepto to work on exchanges that are at least partly regulated or controled by the hardcore of China´s comunist party. They just want a piece of the pie and they are not willing to ask nicely, they just want to take it...On September 14, Chinese bitcoin exchanges began to publish abrupt announcements that they would shutter their order-book exchanges by the end of the month. BTCC, the world’s longest-running bitcoin exchange, was the first to announce its closure, citing the September 5 ruling by the People’s Bank of China (PBoC) that initial coin offerings (ICOs) were illegal.
READ MORE HERE: http://strategiccoin.com/chinese-regulators-crack-bitcoin-exchanges/
Why these people keep bumping these issue while we already know that these event is existing and might its better that this topic will be closed so that there's no barricade of these current growth happening again on bitcoins. China closings of exchange is just a flavor and lets forget about and continue our daily bitcoins task to earn.
