Pictures of “Technical Preplan on Blocking Bitcoin overseas Transaction” were circulated in Wechat group and later posted on weibo around 18pm 16 September. The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas exchanges. The news caused panic sell, a daily low of 16,661 was observed
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As Chinese-based bitcoin exchanges plan to shut down, bitcoin investors are taking their trading elsewhere. They will now focus on broker-facilitated, over-the-counter exchanges. Also read: Nebraska Ethics Board Allows Attorneys to Accept Bitcoin Prior to exchange shutdown notices, most traders conducted OTC exchanges on Weechat messenger. As a result of government crackdowns on Weechat users,
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Over the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease
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14 September, Shanghai-BTCChina, the longest-standing Bitcoin exchange in the world, announced closure of trading by 30 Sep, 2017. Today Viabtc, the new Shenzhen-based exchange, released a notice on trading closure as well. The market are waiting for news from OKCoin and Huobi anxiously to confirm the de-Chinalization of Bitcoin. BTCChina was founded in 2011 and
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