China orders all Bitcoin exchanges to close, report says
China’s cryptocurrency trading ban is very close to reality.
The country’s regulators have reportedly issued an order to all local cryptocurrency exchanges to halt new user registration by midnight on Sept. 15 and publicly notify users when they’ll formally close.
China’s state-owned Caixin broke the news on Friday, ending weeks of rumors and speculation about the country-wide crypto trading ban. While the news isn’t official yet, Caixin said it has seen the policy document and confirmed its authenticity with a source close to China’s regulators.
This is more bad news from Bitcoin, whose price started to fall after China’s regulators said they would ban all ICOs (initial coin offerings) in the country. Read more …
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When the automobile was invented the train lobby had a law passed that required the car to have three operators. a driver, a mechanic and a man who would walk in front of the car with a flag to warn people of the "death machine" heading their way. but did they succeed in killing the car? no. like all great inventions that threaten the status quo have had to deal with before, this is but a minor defeat that will only slightly delay the inevitable