Post
Topic
Board Economics
Re: China closes exchanges
by
goldade
on 22/09/2017, 22:33:01 UTC
I guess that is good news, the cat is out of the bag and no more rumors. China closes all exchanges based on the fact that they are operating without a formal license.

Which means there will be regulation and licenses coming soon, a good step forward.

https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/

Eventually, this is what they wanted regulation and the best way to go about it, is to first tear down the entire market and start rebuilding. If this is what is being spread, the effect wouldn't be as this but its also a lesson to those who panicked that its just a phase that would soon pass eentuakky when things stabilize. I just hope the exchange sotes are allowed to operate in peace.