With the amount of fake trading and money laundering Chinese exchanges were doing I t was only a matter of time until this happened.
I'm also confident trading won't be banned in China, although the exchange owners are panicking and closing down. Once the government makes all the rules and forces them to apply for a license everything will return to normal and prices back to $5000 levels.
I'm also confident trading won't be banned in China, although the exchange owners are panicking and closing down. Once the government makes all the rules and forces them to apply for a license everything will return to normal and prices back to $5000 levels.
I am not certain about it that trading wouldn't be banned in china, because they even banned those bitcoin to fiat exchanges how much more with the trading sites. That's the reasons why those exchange sites closing down due to fear of being banned or sanctioned by the law of the government in china. This chaos must really be negotiated well by the government and we will have to see the outcome for the next month's effect of bitcoin price to rise again.
