So BTCC and ViaBTC
https://twitter.com/ViaBTC/status/908576610059776000 are officially closing. All the others will too in the next week. But guess what?! Bitcoin is not banned in China!!! Not at all. We will soon learn about NEW bitcoin exchanges in China. In about 1 or two weeks, the major banks and maybe even the PBOC will open their own 'licensed' bitcoin exchanges. This is just how the Chinese government fucks the original guy who made exchanges profitable and takes over. First, make their life miserable until they quit, then make the laws more friendly for the new banks (who are owned by the cousins of the govmt officials). Bye, bye Bobbie Lee! Time to get out of China and let the governor's cousin take over for you.
Corrupt as fuck!!!
Wow. I got a message from someone who lives in China and he claimed that China never banned ICO completely, that it was just temporary. I never believed him, cause lots of siteswere already carrying the news all over the web. Now heres an all different info Im getting. Well, we shall see.
Trust me, there will be new and wonderful exchanges ready to replace those kicked out 'without licenses'. The new ones will have this 'license' given by the state in the name of 'safety and regulation' and these will be owned by friends of the state rather than entrepreneurs like Bobby Lee who built the system in the first place. It is simple theft. Chinese are very good a stealing shit from the original creator.