Yesterday's biggest news was that China was blocking all digital currency exchanges and domestic bakeries. As expected, this information is completely false, or at least in terms of key exchange platforms. It is clear that some small platforms are closed due to the decision to ban China's ICOOs. However, this does not affect major companies such as Huobi, BTCC, and OKCoin. It is clear that this phantom news has been sent to form a major shock that shakes the entire community again. This is not the first time this has happened, as there is some confusing news about the currency of the Betquin in China. Moreover, the recent ban on currency support operations "ICOs" has caused a lot of confusion in the market as well. Contrary to what some media claim, China has no intention of banning the digital currency itself, but is simply imposing some regulation on the market. It has also not closed the digital currency exchange platforms at this stage. In addition, it has not yet been known who published these phantom news, but it has really created a lot of confusion and volatility in the market. Because of these false rumors, the price of the Betcuen yesterday suffered a heavy blow that led to the fall of the price again.
Fake news about swap platforms is causing a drop in the price of Betcairn
For unknown reasons, the world still pays much attention to what China is doing. Where the country has a mixed history when it comes to Betquin. Some of the previous data has also been misinterpreted, and this story appears to be one of those incidents. Unfortunately, news is spreading rapidly on a global scale, causing negative fluctuations in currency rates. But even so, markets will be reassured until prices recover very quickly.
On the other hand, the entire Bitquin community is not very happy about this "trick". This is of course expected, because such false news has caused many unnecessary problems. As China had no plans to ban those exchange platforms, let alone go beyond exchange platforms as well. After all, this is not the first time they actually did so earlier this year. When all companies have updated their own procedures with regard to "Know Your Customer" and anti-money laundering as well. There is no platform for digital currency exchange that has managed to escape the regulations imposed by China at the time, and that is what everyone knows. But the only companies that have been infringing have been those involved in digital currency support operations (ICOs) as illegal.
In fact, the spread of such rumors by some trading platform owners in China will not help much. Huobi and OKCoin have unofficially confirmed that the news is fake news. One of the original sources of this news appears to have been Caixin. There is usually uncertainty when the company publishes its own information, but some misinformation appears to have been posted on each of the articles published on the subject, the society. It is also certain that potential Chinese regulators will impose new regulations in the future. However, for the time being, there are no stops on these platforms at all.
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