30 Sep '17, 12pm

Virtual Currencies Expected to be Regulated in China on October 1st

This week, leading bitcoin exchange BTCC stopped accepting deposits in Yuan and cryptocurrencies. Although the exchange will stop all trading operations by September 31 2017, BTCC has stated that it will continue to process withdrawals until October 31 2017. The Chinese government’s decision to cease the operations of all cryptocurrency exchanges except for Okcoin and Huobi right before the nation’s virtual currency regulations are set to come into effect, has led to speculation that the surviving exchanges may be the only cryptocurrency exchanges permitted to operate in China moving forward.

Full article: https://news.bitcoin.com/virtual-currencies-expected-to-r...

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