Quote from: wallflies on May 30, 2017, 06:26:13 PM

Quote

Important announcement about OKCoin

https://www.okcoin.com/t-387.html

OKCoin begins ETH trading on June 1, 2017!

$20BILLION wow
Ethereum $20,000,308,932

okcoin, gd news but the timing makes me think hmmm..

http://www.newsbtc.com/2017/03/10/chinese-government-extend-ban/

Three main bitcoin exchanges BTCC, Huobi, and OKCoin simultaneously announced the extension of withdrawal ban in the country. In a previous announcement, they had expressed hopes of resuming normal operations, minus the leveraged trading and lending services by March 15, 2017. Now, with no definite timeline, the Chinese cryptocurrency market is going through uncertain times.

According to a report on one of the business news outlets, the exchanges are going to continue imposing the withdrawal ban, preventing users from accessing their own cryptocurrency until the regulators approve the internal compliance upgrades. The announcement had an effect on Bitcoins price, leading to an immediate fall in price, which later recovered after few hours.

ETH will keep rising as chinese users move their btc to eth , but then what? will they move eth out and dump it to get funds back?

i hope not, but it is somethin i think of just now.

i could be wrong on this, does anyone know more about china exchange regulation now?