Bitcoin exchanges in China are preparing to shut down their trading services in the country.
Here are the latest official announcements from 4 large exchanges in China.
| Exchange | Halts trading services on | Announcement |
|---|---|---|
| BTCC | September 30 | Official announcement |
| ViaBTC | September 30 | Official announcement |
| OKCoin.cn | October 30 | Official announcement |
| Huobi | October 30 | Official announcement |
According to the latest rumors China’s bitcoin exchange ban does not impact crypto to crypto trading, only fiat to crypto and crypto to fiat.
But how bad is this actually for Bitcoin?
Websites blocked in mainland China
According to Wikipedia, around 3,000 websites are blocked by Chinese authorities under the country's policy of Internet censorship.
Google, Facebook, Gmail, Twitter, Youtube, Instagram and Pinterest are all on the list of blocked websites in China.
China turned out the lights on Facebook in 2009, yet the website is one of the most popular websites worldwide. Google and Youtube don't seem to have a problem either. The Chinese people need Bitcoin in my opinion, but Bitcoin will go on without China if the government decides to ban the digital currency. It would be a very bad decision for the Chinese people, but not for Bitcoin. Bitcoin doesn't need China, China needs Bitcoin.
I'm still as bullish on Bitcoin as I was a few weeks ago. China won't change that!
I'm happy to see the market is recovering from the big losses right after I bought earlier today. My lucky day :-)
24 Hour Change
7 Day Change
Market Capitalization
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - September 15, 2017
Bitcoin Price Bounces Back $400 In Minutes As China Gives Huobi, Okcoin Extra Month
The latest news from China has ‘sweetened’ reports all exchange should close by September 30, giving Huobi and Okcoin an extra month of life.
Read more: cointelegraph.com
Huobi, OKCoin to Stop Yuan-to-Bitcoin Trading By October's End
Chinese bitcoin exchanges Huobi and OKCoin – two of the country's "Big Three" markets – have announced that they will halt yuan-denominated trading by the end of October.
Read more: coindesk.com
Big Banks Want to Destroy Bitcoin Before it Destroys Them
It seems as if the talk of “the people’s currency” has started to sting the ears of those who traditionally have a monopoly of money, banks and governments.
Read more: cointelegraph.com
EOS.IO Project Announces Major Updates
There is a new project out there that is turning heads. EOS.IO is software that introduces a new blockchain structure to the cryptographic and decentralized world. This software is designed to allow for both vertical and horizontal scaling of decentralized applications. Let’s take a look at this project a little more in depth and see what it has to offer.
Read more: themerkle.com
Bitcoin jumps nearly 10%, still down sharply for the week
Bitcoin surged nearly 10 percent on Friday, but was still on track for sharp weekly losses during a tumultuous period of trading.
Read more: cnbc.com
China Moves Towards Tougher Bitcoin Regulation, But Not to Outright Ban: Jihan Wu
In his tweet, Chinese Bitcoin mining hardware firm Bitmain co-founder Jihan Wu, claimed that the rumors hint of tougher regulations and temporary closures, rather than an outright ban.
Read more: cointelegraph.com
Bitcoin fans fire back at Jamie Dimon after 'fraud' comment
On Tuesday, Dimon called bitcoin a "fraud," described it as "not a real thing" and said, "someone is going to get killed." Crypto enthusiasts took little time in firing back -- on Twitter and on TV. We emailed Fred Wilson, a partner at Union Square Ventures and one of the first investors in bitcoin-related start-ups, to get his thoughts on Dimon's comments.
Read more: cnbc.com