Virtual currency trading platform closed The industry said
China eventually will bid farewell to the traditional bitcoin trading platform as the suspense of whether the virtual currencies such as bitcoin will retain the two exports will eventually be revealed. After announcing the phasing out of all digital assets to RMB transaction business by the end of October, on September 16, all the currencies of OKCoin Bank revised their announcement saying that the next step would be to stop all trading operations on the virtual currency.
Insiders said the move would mean a currency block-up on the platform or an information-linked individual-to-person virtual currency transaction will also be completely halted. Bitcoin trading channels in the domestic market almost all were sealed.
Insiders said the move would mean a currency block-up on the platform or an information-linked individual-to-person virtual currency transaction will also be completely halted. Bitcoin trading channels in the domestic market almost all were sealed.
Coin network, OKCoin will stop all business
On the afternoon of September 16, OKCoin currency bank amended the announcement on stopping RMB trading business issued the day before, stating that it will stop all trading operations on virtual currency in the next step.
Prior to September 15, is considered the two largest domestic trading volume Bitcoin trading platform fire coins network, OKCoin currency by the Central Bank and other regulatory interviews, announced the evening after another, announced the end of the RMB trading business. However, the two trading platforms in the announcement said "only to stop the RMB trading business, the rest of the business will not be affected."
Before the two platforms, which the industry calls "weathercars," announced the cessation of the yuan trading business, the Beijing News reporter exclusively learned that on the afternoon of September 15, the central bank and other regulators talked about bitcoin exchanges such as OKCoin and Firecoin. According to the participants of the regulatory sources, the regulatory authorities require the Bitcoin trading platform to report the closure of the program, allowing the closing time sooner or later, however, will eventually be shut down. For risk considerations, the first phase will be on the line ICO token trading and other non-standard operation of the Bitcoin trading platform shut down the rest slowly shut down. Regulators also made specific requirements for shutting down time.
Subsequently, the same day, the two platforms released announcements, the wording is almost the same: from September 21, 2017 21:30, the suspension of registration and RMB recharge business; In addition, the two platforms will be September 30 notify all users about to stop trading , And in order to gradually stop all digital assets trading in RMB before October 31. Announcement also pointed out that the two platforms, the currency, bills, withdrawals, transactions between virtual currencies and other business is not affected.
In fact, before the announcement of the closing of all businesses on Firecoin Net and the OKCoin currency bank, on the evening of September 14, Bitcoin China announced that it will cease all its digital asset trading operations on September 30. Since then, other virtual currency exchanges including Micro Bitcoin and Li Xiaoyun have also released announcements to close the trading platform.
Insiders: the platform leader is temporarily not allowed to leave Beijing
"Everything is over, the only illusion is shattered." Yesterday, a number of industry insiders told the Beijing News reporter that all this ended with the OKCoin currency line and the two major platforms of fire currency network announced the closure of all businesses.
The source said that ICO was sentenced to "death penalty" after the Bitcoin and other virtual currency trading platform has also been cleared. Before September 15, the industry had a fantasy. Although regulators believe that bitcoin and other risks involve such risks as money laundering and illegal fund raising, regulators have also formulated several versions of regulatory schemes that include the "one-size-fits-all" shut down and the phasing out of the virtual currency such as Renminbi and Bitcoin by a fixed period of time Currency freely convertible, there was even a version suggested to keep OKCoin currency and fire currency network, because these two platforms operate norms, not on-line ICO tokens.
"In the September 8 meeting of the regulators, OKCoin currency and fire coins network has also been regal praise." An informed source said that although there was a regulatory voice passed out to shut down the virtual currency exchange, but the industry still has hope for the two platforms.
On the evening of September 15, OKCoin currency bank and Firecoin network announced the stop of RMB trading business. "This approach means that investors can also carry out currency trading on the platform, although such transactions contribute less than 20% of the platform revenue." An insider explained that shutting down the renminbi trading business actually means that the platform can not survive, which is equivalent to a change of direction. However, on the afternoon of September 16, the two platforms announced that they will cease all virtual currency trading business. However, a number of platforms have been relocated overseas, the layout of overseas currency transactions.
A number of insiders disclosed that at present all the heads of Bitcoin trading platforms and executives are not allowed to leave Beijing and cooperate with the investigation. According to the regulatory requirements, the shareholders, actual controllers, senior management and financial executives of the trading platforms should fully cooperate with relevant work in Beijing during the period of liquidation and withdrawal.
According to insiders, Bitcoin prices are expected to fall as the two virtual currencies trading platforms shut down all their businesses. However, with the current basic negligence, investor mentality temporarily stable, bitcoin prices temporarily stabilized. As of press time yesterday, the bitcoin price edged down, offering around 19,000 yuan.
Extend
OTC trading heat up again
In the custody of the halt to platform-mediated transactions in the venue at the same time, "one hand to pay the one hand to play currency" over-the-counter trading warming. According to coin dance website statistics, China's off-exchange trading volume in the past week has reached 30 million yuan.
The last large-scale over-the-counter transaction was at the time of the supervisory site's entry into three major exchange markets, the OKCoin Bank and Bitcoin China, earlier this year. At that time, the trading volume of the over-the-counter trading was close to one hundred million dollars a week at the time when the exchange was suspended.
In the world of bitcoin, each person has a wallet, each wallet has a corresponding address, submits bitcoin from one address to another, and completes the operation of the topping, without having to exchange it for currency such as renminbi. OTC, that is, one party sends funds to the other through Alipay, WeChat or bank transfer, and the other party places Bitcoin in the payer's wallet.
Today, after the closing of the trading floor, various OTC deals and over-the-counter websites are being massacred on various websites, many of which are set up abroad. There are also some people formed the relevant QQ group, the corresponding sale.
Financial analyst Xiao Lei told reporters that the regulators shot the purpose is to cool the domestic market, as for bitcoin prices, if the international market does not show a substantial decline in the domestic market trend remains to be seen.
He believes that if the regulators do not completely ban holders of bitcoin and do not declare that they will hold bitcoin illegal, then China's OTC market may still be the largest in the world in terms of its stock and trading willingness one.
OTC risk how much? Reporters visit coincola, localbitcoins and other websites found that although many people claim that "Alipay second release release" "good faith management", but there are still many investors complain in the forum a lot of "liar": Someone reported a seller cheat A cheat the next, there are people using PS screenshots to prove that the transaction has been paid ...
investor
Big players continue to hold, Xiao San mention cash
As a large circle of V coins, Wang told reporters Beijing Cannon, his first contact with Bitcoin in 2010, when the price of less than one dollar. However, he did not invest investment.
July 2013, Wang artillery learned bitcoin price has reached more than 500 yuan. He started investing, bought 15 bitcoin at a price of around $ 650 and later sold it at $ 800, then bought it at $ 900 and sold it again at $ 1500.
After several trades and purchases, in March of this year, he bought a dozen bitcoin at a price of over 6000 yuan and bought a few million yuan of Ethereum at a price of 80 yuan. Bitcoin after more than 30,000 yuan peak, the current offer 16,000 yuan, while the Ethereum up to 3,000 yuan in July, and now fell to 1,000 yuan.
"Experience tells me that if I buy it, I will not sell it, and now I choose to continue holding both types of virtual currency, and I think the regulation of the country is very good for the industry. The current industry is too impetuous and the bubble is too much."
In the face of regulation, Xiao San Wang Shuai chose to sell withdrawals.
"The reason I sell bitcoin is very simple, trading platform to shut down, basically means that no longer play." Wang Shuai said, however, the future does not rule out the continued sale of bitcoin, but to go overseas Trading platform.