Based on talk on Boxmininig China recent ban/hold of ICOs and cryptos as well as closing some of the big crypto exchanges might be connected with upcoming political event.
19th National Congress of the Communist Party of China (commonly referred to as Shijiu-da; Chinese: 十九大) will be held in Beijing, People's Republic of China, opening on 18 October 2017. The Chinese Communist Party will hold a once-every-five-years leadership reshuffle in October, the state-run news media reported on Thursday, confirming the date of a closely watched meeting that will serve as a test of President Xi Jinping’s power. A majority of the Politburo Standing Committee (top decision-making body) is expected to retire at this congress.
Expectation is that at the 18 of October, if Xi is reelected we would see relieve at markets.
Sources:
Wikipedia and financial times:
- https://www.nytimes.com/2017/08/31/world/asia/china-xi-jinping-communist.html?mcubz=0
- https://en.wikipedia.org/wiki/19th_National_Congress_of_the_Communist_Party_of_China
Boxmining video:
