Published On: Fri, Sep 15th, 2017

BTCChina Announces They Will Stop Trading by End of Month

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CHINA BANS BITCOIN; a phrase that many people in the Bitcoin community have heard a dozen times and will probably hear it a dozen more. But for the first time, it could have some truth behind it. BTCChina has announced on Twitter plans to shut down operations by the end of the month
China Rumors in Full Swing
Rumors have been swirling the crypto space over the past few days about China apparently tightening its regulations on the exchanges within the country. The first announcement from the Peoples Bank of China outright banned ICOs and banned its citizens from investing in these risky new businesses. This is an understandable regulation, as insane volumes of money were being thrown at projects that, in some cases, were complete scams.

China has done this skit before, a seemingly official announcement released by the government causing the price to plummet before its eventual recovery. However, it seems like there’s actually some weight behind the announcement this time. Charlie Lee, the creator of Litecoin and somewhat of a celebrity in the Bitcoin space tweeted that according to anonymous sources that he trusts, the China ban is legit.
BTCC to Halt Trading
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