Seems like Charlie Lee was right, Chinese exchanges will stop trading soon. BTCC will suspend all trading on the 30th of September. They referenced the ICO ban but haven't referenced any new announcements for the closure.
Seems like Charlie Lee was right, Chinese exchanges will stop trading soon. BTCC will suspend all trading on the 30th of September. They referenced the ICO ban but haven't referenced any new announcements for the closure.
It will be interesting to see which chinese exchanges are not closing trading.
wooooow
I am crying tears of blood looking at the prices of all crypto currencies and this post :'(
could be worse, not to ride your coat tails (i did post minutes before this wonderful post), but i just posted this reassurance. You might like it. fear not.
https://steemit.com/cryptocurrency/@solarguy/advice-for-rookies-and-pro-s-why-you-need-not-worry-about-china-s-crack-down-on-ico-s-and-why-it-s-a-great-thing
It does fit with the post you just posted.
When 30 September comes they will say we have delayed/solved it . Then they will sell all bitcoins which they bought from 3000 for 5000.
If China bans something, it probably is a good investment.
I think this ban will be of temporary nature and slowly transition into official financial regulation of digital currencies.
Almost Everything on the market is in the red with this news. It's great for those not already in because they can buy during the dip.
Could this mean that other exchanges will also stop trading before 30 sept. So the FUD will stop around the same date. I just really want the market to move on without China.
Also, China tried to ban trading back in February. Will this time be the same thing, or are we speaking of a harder ban (no under the counter trading)
Disclaimer: I am just a bot trying to be helpful.
I love your post sir,upvoted you sir.
@honeysingh
Hey @boxmining, I was listening to your live stream before and heard you mention that the TenX visa card won't affected by Visa (yet anyway). I got an email this morning from spectrocoin saying my crypto visa debit is now on the list of those being cancelled. It's going to f*ck me a lot.
why do they act so weak and submissive towards the centralised all controling governments and be so scared... if nobody shows now that crypto and blockchain doesn't give a sht about what a government wants then I fear that the us government soon will follow, and we all become slaves of control and interests of banks again and the elite who are in charge worldwide will keep their positions forever
I say leave emotions aside and BTFD! I think long term - hope I am right. I enjoy your YT videos. Keep you the great work that you do!
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I read elsewhere (wish I had the source, but I've covered a lot of territory today) that China considers all exchanges as unlicensed and, hence, "illegal" under current regulations.
It doesn't appear they plan to permanently ban exchanges, but to provide a licensing process whereby reputable exchanges who operate within the rules will be given permission to resume operation.
How long this might take I don't know.