Quote from: talkbitcoin on October 28, 2017, 11:46:51 AM

Quote from: tscen on October 27, 2017, 12:13:36 PM

Quote from: talkbitcoin on October 27, 2017, 11:47:23 AM

Quote from: tscen on October 26, 2017, 09:34:07 AM

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.

unless you can give us the official Chinese government announcement saying "exchange of cryptocurrences with CNY is banned", you are spreading FUD.

they have closed exchanges. true.
these exchanges were big and were working with CNY. true.
but it doesn't mean they have banned trading of cryptocurrencies. there are still other exchanges and people are trading them easily. you can check out localbitcoins and the huge CNY volume that comes out of there if you want.

Yo fuder. here is the info you asked, you are welcome.

http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

"中国人民银行中央网信办工业和信息化部工商总局银监会证监会保监会关于防范代币发行融资风险的公告 04/09/2017" Announcement issued by "People's of China Central Bank, Internet Information Regulation Office, Office of the Ministry of Industry and Information Technology, Trade and Industry Bureau, Banking Regulatory Commission, Securities Regulatory Commission, Insurance Regulatory Commission 04/09/2017"

"三、加强代币融资交易平台的管理
本公告发布之日起，任何所谓的代币融资交易平台不得从事法定货币与代币、虚拟货币相互之间的兑换业务，不得买卖或作为中央对手方买卖代币或虚拟货币，不得为代币或虚拟货币提供定价、信息中介等服务。"
Chapiter 3,
Since the day of this announcement, any kind of so called cryptocurrencies exchange
shouldn't provide fiat CNY <--> cryptocurrencies nor cryptocurrencies <-> other cryptocurrencies trading service,
shouldn't sell/buy cryptocurrencies,
shouldn't set/provide price index for cryptocurrencies,
shouldn't act as trading escrow (p2p) neither.
cryptocurrencies = all kinds of cryptocurrencies, bitcoin, altcoins, shitcoins, ico scam coins, myass coin, fud gold, fake money, talkbitcoin fuddermonies or whatever..

Exchangers should be thankful to be given some delay (until the end of this month) to close down and clear the house and refund client's fund.
Now, you cool?

i read the page three times now. all i can conclude is that this article is talking about ICOs and how they are disguised way of illegal fund raising and because of that they are closing exchanges.

and i can still see large trading volume coming from localbitcoins in China and other places with CNY.

I gave you word by word translation and fact up there, but if you don't want to wake up, fine.

tscen

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