In a tweet which caused a drastic drop in Bitcoin price, BTCC, one of the biggest China exchanges, announced it will shut down operations starting September 30th.
What's a bit strange, though, it's that the mining pool operated by the same entity will continue to operate.
That may mean a few things:
- PBOC really has something in mind concerning Bitcoin trading in China
- generating Bitcoin is still a profitable business
- a whole new niche just appeared for the astute Bitcoin enthusiast: opening new exchanges, in more friendly jurisdictions
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