China’s cryptocurrency trading ban is very close to reality.
The country’s regulators have reportedly issued an order to all local cryptocurrency exchanges to halt new user registration by midnight on Sept. 15 and publicly notify users when they’ll formally close.
China’s state-owned Caixin broke the news on Friday, ending weeks of rumors and speculation about the country-wide crypto trading ban. While the news isn’t official yet, Caixin said it has seen the policy document and confirmed its authenticity with a source close to China’s regulators.
This is more bad news from Bitcoin, whose price started to fall after China’s regulators said they would ban all ICOs (initial coin offerings) in the country. Read more…