Post
Topic
Board Economics
Re: China closes exchanges
by
stellgod
on 30/09/2017, 10:01:42 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/

As they have already banned bitcoin it might be that this is really bound to happen. The question is why would yhere be closures and banning of bitcoin. Is china closing its doors to the world or a rebellious action towards the united nations. What do you think?
I don’t know what is right and what is wrong. Yesterday I got a report in which China had condemned on the news of banning bitcoin exchanges and now still news are roaming around about its being banned. Still China will never do it because they don’t want to lose the future economics.