China to Shut Bitcoin Exchanges

China is considering banning the domestic exchange of bittacente and other virtual currency companies, as a result of which the $ 150 billion cryptuivity market hit another shock after restoring last week last week. This restriction will apply to the activities of Express CripOctourage, according to well known persons, who did not ask for the name because this information is private, the authorities do not intend to stop transactions over-the-counter , People said that the central bank of China said he could not comment. The Shackuan Magazine made a whistle on Friday, after which Karyn Magazine expanded China's plans and, in about two months, the largest weekly retreat of virtual currency would be. Bitcoin's trades account for about 23 percent of the country's land and also host the largest bicicon mines in the world, using a large number of computer powers to confirm the transaction in digital currency. Partner Zhou Shuoji, who founded Beijing in FBG Capital, said: "The volume of business will certainly decrease, which invests in Cryptokrinks." Former users will still continue to trade, but the new entry threshold for new users Now it's very high. This will certainly slow down the development of crypestyux in China. "While Beijing's inspiration for trade restriction is unclear, there have been major conflicts over financial risk in view of changing a major leadership of the Communist Party leadership next month." BitCoin jumped by 600 percent in dollars compared to last year, by increasing the concern for a bubble, People's Bank of China has launched its own prototype cryptuivity test, with which it will be the first leader to release the " digital money The Central Bank is about to become a bank. Mark Macferrand, chief economist at Hong Kong Union Bancear Preste SS, said: "There is a general stroke strain on the regularization of financial and monetary conditions." "All of these facts indicate that there is a long-term process for strict monitoring of activities that are not in the usual economic sectors." Okakon, BTC China and Hubei, the country's three largest stock exchanges, said on Monday that they had no regulatory advice on restricting cryptographic traffic. The three places report transactions on Monday, local Bitcoins 6.36 am to 11.00 oakacoin and 6.3 percent are increasing.