China Planning a War Against Cryptocurrency Trades

A week before ago Central bank banned ICO, and now, Chinese news reports another tough decision from local authorities – to close cryptocurrency exchanges in China. A punch in the face for cryptocurrencies The reports about a possible war against cryptocurrency exchanges in China have driven popular cryptocurrencies down. On September 8, when local news media outlet Caixin reported about the closure of trades and exchanges between virtual currency and fiat in China, the Bitcoin price fell sharply from around $4,600 to $4,100. On September 10, Bitcoin price moved even further to $4,000 . http://ift.tt/2wjXucb

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