Pictures of Technical Preplan on Blocking Bitcoin overseas Transaction were circulated in Wechat group and later posted on weibo around 18pm 16 September.
The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas exchanges.
The news caused panic sell, a daily low of 16,661 was observed on OKCoin around that time. Chinese Bitcoin community is vulnerable after the exchange ban.
Could things get worse like shutting down mining pool in China?
Although the screenshots or pictures cannot be verified without a reliable source, a report on Sina confirmed the authenticity, citing support from insiders.
What do you think？
It is definitely impossible for them to block because blocking it using the great Chinese Firewall can only do so much. You can scake it so to speak and do regular transactions on a daily basis.