Significantly, news from China, BTCC, and country’s three big exchanges has announced it will stop trading Cryptocurrencies on Sep 30.
Shanghai wrote on social media:
“After carefully considering the announcement published by Chinese regulators on 09/04, BTC China will stop all trading on 09/30”.
The cryptocurrency exchange is the earliest trading platform in China. Additionally, the other products and services include mining operation BTCC Pool will not inflate by the change.
Related Coverage: China is planning to Ban Bitcoin Exchanges
The People’s Bank of China proclaims a sweeping blanket ban on all Initial Coin Offerings (ICOs). Therefore, it is a drastically new form of fundraising assist by Cryptocurrencies.