Post
Topic
Board Economics
Re: China closes exchanges
by
ramsdaj28
on 02/10/2017, 08:11:07 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/
That's fine, in my opinion. That doesn't seem to affect bitcoin as a whole as I can see, especially that bitcoin value today is higher than it was in the past weeks. And you're right: this is a good news because those CHINA RUMORS will end now. There's even a lot better exchanges and trading sites out there than China. We can't deny, China is a big player in crypto-trading, but we are bigger compared to them.