Is China Closing Bitcoin Exchanges? Or is the News Fake?
After the Chinese government’s stance on ICOs, things do not settle down. Many media outlets say that China will expand these bans and may even impose bans on Bitcoin.. However, almost none of the writings have a clear source.
Reports published in publications such as the Wall Street Journal and others cite ‘anonymous’ sources that do not provide much detail.
Anonymous sources
Even in an article published in the Wall Street Journal, it was written that “China is preparing to close Bitcoin Exchanges”, It is worth noting that there is no source.
Regulatory decisions have already been made, according to the news, it is stated that it may take several months to be fully implemented.. However, there is still no clear source or clear explanation on this subject.
Although these messages are vague, Bitcoin price has been determined for the second time after the news of the ICO ban in China is over.
Bloomberg, on allegations of possible bans, says:
The ban is specific to relevant information According to people who do not want their names to be disclosed, it was stated that it will be applied for cryptocurrency trading on exchanges.
What is the clear reason for the ban on trading cryptocurrencies?
Bitcoin has great power, influencing China’s socialist structure and monetary policies.
Therefore, the Chinese government has warned that the Chinese government, especially Chinese investors, buy Bitcoin and bet against the yuan. unit is perceived as a threat.
In the past week, the Chinese central bank’s ICOs There is “too much disorder” as the reason for the alleged shutdown, from an anonymous source reflecting his words criticizing ı for disrupting the country’s financial order.
Quite suspicious
Many believers in Bitcoin are not skeptical of the overt ban from China as there is no official statement, and no one is brave enough to put their name on the news.
Chinese BTCC exchange CEO ‘su posted a poll on twitter about whether the bans are real.
#China regulators have finally decided to officially #ban all #Bitcoin exchanges & trading platforms.#True? or #FakeNews?
Please #Retweet— Bobby Lee – Ballet: World’s EASIEST wallet! (@bobbyclee) September 8, 2017
In a poll conducted by Bobby Lee, 82% of followers voted that the news is fake.
OKCoin, one of the largest exchanges in China, responded to the news as follows:
“Until now, we have not been informed by any authority about closing Bitcoin exchanges ; If this happens, we will promptly post notice on our website. Even if this is the case, we will be doing offline trading for users and your cryptocurrencies in your account will be absolutely safe,” he said.
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