Btc china bitcoin price
Posted On 11.04.1955
403 Forbidden Request forbidden by administrative rules. China’s btc china bitcoin price crackdown forces exchanges to close.
China’s bitcoin crackdown is wreaking havoc on the virtual currency. Two of the country’s most prominent bitcoin exchanges, BTC China and Via BTC, said they will halt trading this month. BTC China has also stopped registering new users, it said in a statement posted on social media. There have also been reports that China is preparing a wider crackdown on bitcoin trading amid concerns that it is being used for money laundering. The increased scrutiny has caused the value of bitcoin to crash. All Chinese bitcoin exchanges have been told to announce by midnight Friday when they will shut down, according to prominent Chinese business publication Caixin. Bitcoin’s perceived anonymity has been an important part of its growing appeal but also exposes the currency to claims that it is linked to the drug trade and other illegal activities.
Earlier this year, officials from China’s finance ministry conducted spot checks on various exchanges to ensure they were following local regulations. Analysts say operators may now be bracing for tougher action. Heads could roll in this one. China’s central bank did not immediately respond to a request for comment. China isn’t alone in sounding the alarm about bitcoin.
Financial Conduct Authority, the country’s top regulator, warned this week that investors in the virtual currency should be “prepared to lose your entire stake. CEO Jamie Dimon labelled bitcoin “stupid” and “far too dangerous” in a speech Tuesday. It won’t end well,” he added. Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc.