What source would be considered reliable? What is currently the most reliable information about China cracking down on exchanges? So today's big market downswing happened only because of the rumor mill?
The most reliable source is the Chinese government and the central bank, the PBOC. They just released the official announcement. This was all just FUD. The new regulations, as expected are simply aimed at ICOs. Chinese exchanges
that engage in ICO-related activity will be shut down and have their licenses revoked.
This should therefore have no effect on the major exchanges like OKcoin and Huobi, which only deal in cryptocurrencies, not tokens. The future is less clear for the many smaller Chinese altcoin exchanges which offered tokens.
Source:
http://www.pbc.gov.cn/english/130721/3377816/index.htmlThey havent release shit, what u post is just an English translation of the ICO news that is from Monday. Nothing new.
Accept the terrible truth, lol, that was confirmed by ViaBTC CEO.