Bitcoin China will shut down trading platform holders to cash out
[PConline News] At 19:00 on the 14th, Bitcoin's domestic trading platform "Bitcoin China" issued an announcement: The new user registration will be stopped immediately, and the transaction platform will be shut down on the 30th of this month to stop all trading operations. When the news came out, the entire digital currency market was in turmoil. This is considered to be a signal before the implementation of Bitcoin transaction supervision, and a large number of holders have cashed out.
The announcement of 14th bitcoin China's evening at 19 o'clock undoubtedly caused another serious loss to the bitcoin exchange market that has been declining since September. At the moment of the announcement of Bitcoin, the entire Bitcoin market was raging and fell below 20,000 yuan instantly.
A few hours later, the entire market pulled up slightly. Bitcoin prices in China have risen to around RMB 21,000. However, the volume of on-floor trading is in the order of hundreds of thousands, and there are a large number of sell-offs by holders.
In fact, since September, the domestic Bitcoin market has continued to decline. What has happened since September has made the Bitcoin market so sluggish. Let's briefly review what happened in the first half of the month:
1. The three major trading platforms suspended the ICO trading business from August 30 to September 3. On August 30 this year, ICOINFO, a domestic ICO platform, announced that it would suspend all ICO operations. After the related department's supervision policies were issued, it would follow the policy and conduct business.
On the 4th of May, the central bank and seven other ministries urgently stopped the ICO transaction. On the afternoon of September 4, the People's Bank of China website announced that recently, there have been a large number of domestic activities in the form of issuance of tokens, including the first token issuance (ICO), and speculation has become widespread. It is suspected of engaging in illegal financial activities and has caused serious disruption. Economic and financial order.
On the 8th of the 8th, the supervisory layer forced the closure of China's bid farewell to the Bitcoin exchange. On the evening of September 8, the regulator has now decided to close all Bitcoin exchanges registered in the country. A number of small platforms confirmed that they had received news from the regulatory authorities and started to allow Chinese users to withdraw in an orderly manner and carry out an extracting arrangement in response to regulatory requirements.
4.9 - 2nd - 12th: A number of Bitcoin trading platforms have increased their fees. The HuoPing Network is scheduled to adjust the total station transaction fee to 0.2% from 12:30 Sept. 2th, ie, ETH, ETC transaction fee from 0.1% to 0.2%, and other transaction fees to 0.2%. change. Followed by Coin Network and Bitcoin China, it immediately adjusted its fee to 0.1% and 0.2% respectively in early September.
May 16th, 6:00 pm on the 14th May, the news that Bitcoin trading platform will be shut down in Shanghai has been notified. At 14:01 on September 14th, the First Financial Report pointed out that regulators close to the local Internet Financial Reorganisation Office were exclusively informed that supervision has concluded against the domestic Bitcoin exchange platform: “all closed down and recently withdrew from the market. ."
June 19, 19:00: Bitcoin China stopped all transactions closed at the end of September basically solid
At 19:00 on July 14th, the Bitcoin China announcement stated that according to the "PBC Released on September 4, the Central People's Bank of China Information Industry Ministry of Industry and Information Technology, the China Securities Regulatory Commission, China Banking Regulatory Commission, the China Insurance Regulatory Commission (CIRC) issued an announcement on preventing the risk of the issuance of tokens. In accordance with the spirit of the document, and adhering to the principle of preventing investment risks and maximizing the interests of users, the Bitcoin team in China has carefully discussed the following decisions: 1. Bitcoin China's digital asset trading platform will stop new users from registering today; On September 30, 2017, the digital asset trading platform will stop all trading operations. Bitcoin China's mining pool (national pool) and other services will not be affected by this and continue to operate normally.
According to worldcoindex data, Bitcoin has fallen from 4,800 U.S. dollars to 3,655 U.S. dollars since September 1, a drop of 24%, and the market value has shrunk by nearly 20 billion U.S. dollars. Some people think that now is a good time to dip the bottom. As of now, the market price of Bitcoin in China is still lower than 20,000 yuan. If you want to dip, you still need to think about it.
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