The big news of the day is however China is allegedly forbiddance all exchange activity. As was to be expected, that info is totally false. Or a minimum of wherever the key exchanges area unit involved. it's evident some smaller platforms area unit move their doors as a result of ICO regulation. However, this doesn’t have an effect on huge firms like Huobi, BTCC, and OKCoin. it's evident this faux news sends shockwaves throughout the community once more.
It is not the primary time there's some confusing news concerning Bitcoin in China. native officers don't have any love lost for cryptocurrency. Moreover, the recent ICO ban is inflicting lots of confusion. in contrast to what some news shops claim, China has no plans to ban cryptocurrency. Nor area unit they suspending exchanges at this time in time. it's unclear United Nations agency started this faux rumor however rest assured it'll produce lots of volatility. After all, the Bitcoin worth has already taken a giant hit as a result of these faux rumors.
Fake Exchange News Causes temporary Bitcoin worth Crash
