Published On: Tue, Sep 19th, 2017

Uncertainty Dominates as China Continues to Clamp Down on Cryptocurrency

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China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified.Despite this lack of clarity, here’s what’s known so far.Effects on TradingThe most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China. BTCC — the oldest bitcoin exchange in the world — …

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