Bitcoin exchanges in China are preparing to shut down their trading services in the country.
Here are the latest official announcements from 4 large exchanges in China.
| Exchange | Halts trading services on | Announcement |
|---|---|---|
| BTCC | September 30 | Official announcement |
| ViaBTC | September 30 | Official announcement |
| OKCoin.cn | October 30 | Official announcement |
| Huobi | October 30 | Official announcement |
According to the latest rumors China’s bitcoin exchange ban does not impact crypto to crypto trading, only fiat to crypto and crypto to fiat.
But how bad is this actually for Bitcoin?
Websites blocked in mainland China
According to Wikipedia, around 3,000 websites are blocked by Chinese authorities under the country's policy of Internet censorship.
Google, Facebook, Gmail, Twitter, Youtube, Instagram and Pinterest are all on the list of blocked websites in China.
China turned out the lights on Facebook in 2009, yet the website is one of the most popular websites worldwide. Google and Youtube don't seem to have a problem either. The Chinese people need Bitcoin in my opinion, but Bitcoin will go on without China if the government decides to ban the digital currency. It would be a very bad decision for the Chinese people, but not for Bitcoin. Bitcoin doesn't need China, China needs Bitcoin.
I'm still as bullish on Bitcoin as I was a few weeks ago. China won't change that!
I'm happy to see the market is recovering from the big losses right after I bought earlier today. My lucky day :-)
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