https://m.vidio.com/watch/753807-blockchain-teknologi-di-balik-bitcoin
China plans to close the bitcoin exchange by the end of September. That kept its market price down 20 percent since September 8, 2017.
China's plan to close the bitcoin exchange was reported by the Yicai news agency citing a source.
"This has been set at the end of September This order comes from above,"
The closing step of the bitcoin market is because Chinese regulators see the virtual currency risky and speculative. Especially now the demand is getting bigger.
Moreover, the bitcoin transaction does not involve the central bank and is not supervised by the government. Besides without rules.
The ban is also triggered by regulatory warnings in other countries. It sparked fears and sells in bitcoin currency transactions.
"China's ban causes panic in the market because of the diverse messages and the lack of explanation so that it becomes a negative sentiment," said Charles Hayler, Founder of Crytocompare data analyst site
BTCChina, one of the largest bitcoin trading platforms in China will stop new user registrations starting Thursday.
"We will stop all trading on the digital trading platform starting September 30," writes BTCChina.
To Reuters, BTCChina founder Bobby Lee said, if the move will not affect the trade in the international exchange BTCC.