Quote from: Red-Apple on September 24, 2017, 01:15:03 PM

Quote from: tokeweed on September 23, 2017, 12:51:13 PM

Quote from: kwukduck on September 22, 2017, 02:04:25 PM

Exactly! Wtf is with China? Wouldn't it be more profitable if they kept pumping Bitcoin?

And I disagree that a ban is in the works. I think it's not gonna be a ban, but some strict regulations set by the PBOC imho.

that has always been the plan.
Chinese are known for doing weird stuff like this and they are notorious when it comes to bitcoin. there has been lots of scams through ICOs which are fund raising in China and being liquidated through exchanges. there has been lots of fraud and money laundering through the same exchanges and lots of other issues.
we should have been surprised if China didn't ban exchanges sooner.

The Chinese govt is building up to their 19th National Congress which is on 18th October.

They always do crackdowns in the lead up, especially of anything linked to capital flight. It's their way of impressing the comrades and proving they're still in control of their country.