China bitcoin exchanges awaiting clarification on closure report

[rooster59]

China bitcoin exchanges awaiting clarification on closure report

 

FILE PHOTO: A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

 

BEIJING (Reuters) - China's Bitcoin exchanges said on Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down.

 

Bitcoin fell sharply on Friday after Chinese financial publication Caixin reported that China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback.

 

The news follows China's move earlier this week to ban so-called "initial coin offerings," or the practice of creating and selling digital currencies or tokens to investors in order to finance start-up projects.

 

Reuters was not immediately able to verify the report.

 

A spokeswoman for Beijing-based OK Coin said the platform has not received any notification from regulators.

 

Spokespersons at Beijing-based Huobi and Shanghai-based BTCC said they were still waiting for further official clarification.

 

 

-- © Copyright Reuters 2017-09-10

 

[Topdoc]

Was $5,000 the top?

[phycokiller]

markets are pretty similar to elections, easy to manipulate with fake news

[speedtripler]

On 10/09/2017 at 9:35 AM, Topdoc said:

Was $5,000 the top?

Yes, clear market manipulation by the big fish

It's happened at every milestone since $10 

Corrupt Chinese officials will revoke the panic  when they have bought enough and then the price will rise to new highs ( as has already happened several times this year) 

[phycokiller]

still no confirmation of this news, none of the major exchanges in China have been ordered to stop or heard anything from the government, as yet anyway