Post
Topic
Board Economics
Re: China closes exchanges
by
Roman Abraham
on 30/09/2017, 03:39:52 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/

One of the factors that led to the decline bitcoin prices was due to the Chinese government that closed bitcoin in their country. I think they have made a mistake and throw away a golden opportunity to shine with bitcoin in the future, because I think if the bitcoin legal in the country, they have a great chance of being a country with more advanced economic developments than ever before.