Topic: Two Chinese bitcoin trading platforms announced to close for the policy - page 2. (Read 1645 times)

the bigger exchanges already said that they will go to other countrys and operate there.

"International expansion

When I asked him which geographic markets he would target first, he said that they were going to go after all the countries outside of China with equal fervour, and that thanks to the funding raised, he has a whole team of lawyers advising him as to the regulatory concerns of each jurisdiction.

On the subject of funding raised, he had some interesting commentary to provide. OKCoin recently announced that it had raised $10m in a Series A led by Ceyuan Ventures, a fund led by Bo Feng, a famous venture capitalist. Apparently Bo is personally a great fan of bitcoin, and has been investing in the asset for a while.

Said Star:

    “He gave me a verbal offer after just a ten-minute meeting. When I told him I didn’t need this much money, he told me that I should plan for the long-term, and that bitcoin is a decade-long endeavour. I must say I got very lucky he is such a big supporter.”"

They will probably still ban it weekly...

This is fantastic news, China will close all exchanges, if they manage to shut down everything, there will be nothing left to ban 

My understanding is that bitcoin first got a government's attention last year when the Fincen guidelines came out. Ironically enough that gave a boost to prices. Since then it's come under increasing scrutiny from governments around the world. Lots of governments have weighed in with their opinion on bitcoin now. There is a site bitlegal that tracks bitcoin's legality in various sovereign countries around the world.

Now just for the rest of them and we can stop looking over their despite the fact that they probably don't hold anywhere near as many coins as others will have you believe.

It doesn't surprise me, and it doesn't worry me either. Scores of bitcoin exchanges have closed in the past- for both regulatory reasons (bitfloor) and incompetence (the list is too long to bother writing). If chinese exchanges don't have the capital or connections to navigate the Chinese regulatory environment, then they should close as they present a threat to the users who hold funds there.

just a rumour , but, stay stuned ,China monthly Ban coming soon.

I am new to crypto world and wonder if Bitcoin was always  under governments pressure? as nowadays I can see that in many countries govs are concerned about the issue of Bitcoin and and its regulation (especially in USA). Is it temporary situation or permanent ?

It's a real currency but you're not allowed to buy through a Chinese platforms.

With a closing recharging way ,a Chinese trading platform Linkcoin was forced to close .This is the fifth Chinese bitcoin trading platform closing after the notice on 5th December was released by central bank of China .
Linkcoin announce :
Announce on 1st May :We decide to close the website on 11th May for the policy .Please withdraw CNY and virtual currency as soon as possible .If you withdraw deposit after 11th May ,you can add the qq group :57427770 or QQ :800061722 to withdraw artificially .
Announce :We have received the notice from the third-party that they will close CNY recharging way tonight ,but CNY withdraw deposit will not be affected .
Meanwhile ,a Chinese famous bitcoin trading platform FXBTC also announced to stop running for the policy on 2nd May .
FXBTC also released the announce on its official website at 2:40pm ,2nd May .
With the policy released by central bank of China ,we have suffered a strong pressure ,including recharging and withdrawing deposit .During our running ,we are supported by clients constantly .Though experiencing many problems ,we struggle to go ahead .However ,facing up to the long-term blockade ,we get a big loss and decide to stop running FXBTC finally .Thus ,we will close the website before 10th May ,2014 ,please clients withdraw deposit as soon as possible .Thank you for your support again .

Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.