16 minutes agoBitcoin investors alert, China plans to stop them
Periskopi(9 years ago)
(9 years ago)The largest Bitcoin exchanges in China are awaiting clarifications from the government after many media reports that Beijing is planning to ban virtual currency trading in domestic exchanges, but markets were largely subdued Monday. Options for “platforms OkCoin” and “Huobi” told “Reuters” that they did not have any information [...]
Options for “platforms OkCoin” and “Huobi” told Serbia “ “that they had no further information to share with opinion after a report by Chinese financial publication Caixin that sent the Bitcoin price down 6.6 percent on Friday, “Reuters” reported, Periscope broadcast.
A source from Chinese politics confirmed to “Reuters” that China planned to prevent exchanges allowing virtual currency trading. BTC China, also one of China's three biggest exchangers and China's central bank, did not respond to “demandsReuters” for comments on the case.
Bitcoin had a low growth in financial markets by about 1.3 percent of $4.170 on the Bitstamp platform on Monday. On September 2nd, he reached a record high of nearly $5,000.
<x) MEX, adding that the relatively low drop in bitcoin price illustrated how community opinion was shared on the article “Caixin”.
China has flourished as a trade country in recent years after its internal exchanges allowed users to do free trade, attracting investors and speculators, who promoted demand and encouraged growth.
Last week, the central bank moved to stop the so-called <x0 euroferates of the coin”, or the practice of creating and selling digital currency.
Bitcoin is currently trading with a discount in Chinese exchanges compared to their US-based counterparts. On Monday, Bitcoin rose by 6.5 per cent to 25,253 juan ($ 3,871.67) on the Huobi platform.
A China-based cryptochorcy investor, however, said it was suspicious that Chinese authorities could fully suppress the shale trade./Periscop/
