Quote from: cashodler on September 09, 2017, 01:52:26 AM

Quote from: marky89 on September 08, 2017, 11:04:53 PM

Quote from: anon4250158 on September 08, 2017, 10:36:42 PM

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.html

They 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.

What truth? Show me the announcement. So far, they only cared to clarify their stance on ICOs. How do we even know there is another announcement coming? You've got nothing here but rumors and Twitter shitposts regarding the exchanges.

I'm looking at the Okcoin ticker chugging away. There's been no confirmation of any of these rumors after another day. And now I'm supposed to care about a cryptic tweet from Haipo Yang, really?

Samson Mow was right: the PBOC is not shy. They will make an announcement if there is one to make. Exchanges are running as usual and say they have heard nothing.

Also, the exchanges voluntarily showed that they were extremely compliant -- to the extent of freezing customer funds for months -- in order to please the PBOC this year. More than anything, this just looks like the PBOC "leaks" in 2014 about banning Bitcoin, etc. which turned out to be false.