9 Exchanges to Buy Bitcoin & Crypto in China (2020)
9 Exchanges to Buy Bitcoin & Crypto in China (2020)
Bitcoin exchange exec: Chinese government was trying to ...
Chinese bitcoin exchanges resume withdrawals after freeze ...
Three Biggest Chinese Bitcoin Exchanges Are Shutting Down
Exchanges - Bitcoin
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All of the Chinese bitcoin exchanges (OKCoin, BTCC, etc.) will close down, likely in the next few months. This will have significant impacts on the currency.
I am not providing legal advice, or business advice, just personal feedback based upon my role as a compliance and AML/money laundering attorney and experience with China and central banking regulation/macroeconomics. Take it for what it is. I want to point out that while the China bitcoin exchanges have generally gone quiet under the PBOC's SAFE review, the key scope change has moved from a "money laundering" focused audit to "illegally circumventing currency laws" audit. What is key here is this (very quiet) information trickling out is that the regulator actually sees Bitcoin as a medium for currency exchange. Previously, PBOC stated that Bitcoin was a commodity and would not be regulated as a currency by SAFE. There is only one end game in this situation. Bitcoin withdrawals will not be allowed from RMB-denominated markets, plain and simple. Otherwise, there would be no way to regulate how much Bitcoin is withdrawn and then switched to other currencies. No amount of KYC/AML documentation from exchange participants can substitute for this. This will kill the Chinese Bitcoin exchanges (people not able to withdraw BTC and LTC), and will effectively remove CNY from the Bitcoin purchasing pool. I am not an expert on the economics of Bitcoin's price, but I'm guessing the CNY has had a strong influence on the market up to this point. I am probably going to get some sarcastic comments about making up qualifications or whatever, but just wanted to post this because it may be helpful to a handful here.
Three Biggest Chinese Bitcoin Exchanges Are Shutting Down. Apparently, the news coming from China has cushioned the fall in the price of Bitcoin and other cryptocurrencies. The reports indicate that the exchange OKCoin and Huobi will not cease operations this month, as these two Bitcoin exchange center will simply follow their closure by the 31st October. OKCoin and Huobi are two of China’s ... This Chinese Exchange Just Pushed the Value of Bitcoins Over $200. A single bitcoin is now worth $200, thanks to a little-known exchange in China that is suddenly pushing the digital currency to ... Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange One of the major manufacturers bitcoin mining equipment hopes launching its own exchange could double total revenue by 2022. Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Many of Bitcoin’s earliest “whale” investors were from China. And a majority of crypto mining was (and still is) based in China. It has been a bit of a surprise, then, to hear from one prominent Bitcoin exchange founder that there was a concerted effort by the Chinese Communist Party to suppress the price of BTC.
China Bans Bitcoin Exchanges AND Mining? Good or Bad?
Breaking: China To Shutter All Bitcoin Exchanges with Simon Dixon of Bank To The Future - Duration: 34:05. The Dollar Vigilante 60,467 views. 34:05 . Pomp Podcast #251: Mark Yusko on How we got to ... Bitcoin begins its downwards tumble back to the $6k levels. Angelo BTC and his Bitcoin 6k prophecy is looking more like a reality day by day. Fundamentally why will this happen? CHINA! China wants ... China's central bank launched spot checks on major bitcoin exchanges in Beijing and Shanghai on Wednesday, knocking the price of the cryptocurrency down by 1... The Bitcoin price have dropped. Is this because of the Chinese New Year which has has historically had a strong influence on cryptocurrency prices? BTC prices have traditionally decreased in the ... willkommen zur Bitcoin-Informant Show Nr. 893. Heute sprechen wir über folgende Themen: Gemini Exchange gelingt Coup mit Samsung & In China können Kryptowährungen legal vererbt werden.