Post
Topic
Board Bitcoin Discussion
Re: Bitcoin future after China bans ICO and bitcoin to currency exchange, vice versa
by
Devilcheg
on 04/09/2017, 18:21:43 UTC
3. (Important) No cryptocurrency exchanges are allowed to offer currency-to-"cryptocurrency" exchange any longer, a.k.a. e.g. no CNY-to-Bitcoin or Bitcoin-to-CNY exchange allowed.

So the exchange scheme will be:
CNY->USD (or EUR)->BTC (bitcoin) and BTC (bitcoin)->USD (or EUR)->CNY

This was done on purpose, because a lot of capital was transferred from China to other countries.