Banning all crypto trading on exchanges is a far more serious move than the ICO ban.Others, however, remain skeptical of the China bitcoin ban rumors.According to Bloomberg China reporter Lulu Yilun Chen, bitcoin exchanges OKCoin and Huobi said they have not received shut down notices from the government and are still operating as normal.Late last week, a report from Caixin shook the Bitcoin world.The ban will only apply to trading of cryptocurrencies on exchanges.
The Bank of China seems to understand that such a ban would only remove Bitcoin from law-abiding citizens.What if China decides to have their own blockchain (Eg Baidu, Weibo vs.China is reportedly planning to ban trading of Bitcoin and other cryptocurrencies on domestic exchanges, but plans to allow over-the-counter transactions. Fo.The rumours that China wants to ban Bitcoin exchanges seems increasingly credible.Chinese regulators have banned businesses from raising funds using initial coin offerings (ICOs).China is all set to ban the exchange of Bitcoin and other Cryptocurrencies on its domestic exchange.
He suggested that if the PBoC intended to ban bitcoin, they would make an official announcement.
The government of China is deciding to shut down the exchange of virtual currencies in the country including the most popular one, Bitcoin.
Chinese authorities banned a type of fundraising using cryptocurrencies such as bitcoin, dealing a blow to startups and other businesses that seized on the relatively.Blockstream CSO Samson Mow noted that the unconfirmed reports did not cite any official sources within the government.
Several experts weighed in following the reports, saying the money will ultimately move elsewhere in case of a ban.
Beijing is reported to be planning to ban bitcoin and other cryptocurrencies trading on domestic exchanges, according to several media reports.Chinese regulators on Monday declared initial coin offerings illegal, dealing a blow to the latest financial-markets mania and sending the prices of the two leading.Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Leaked regulation orders Chinese Bitcoin exchanges to shut down.