China bitcoin exchanges waits for clarification on closure report

Clarification on Closure Report

On Saturday, China Bitcoin exchanges says that they are waiting for clarification from the authorities on a media report as they will be blackout.

When bitcoin fell hardly on Friday after Chinese financial publication Caixin reports that it was planning to shut down local cryptocurrency exchanges. Although analysts say that this was a for a temporary setback.

Earlier this week’s news China set to ban “Initial Coin Offerings (ICOs)” or the approach of buying and selling cryptocurrencies or tokens. In order to finance startup projects with investors.

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Related Coverage: China bans cryptocurrency offerings while Bitcoin surges

This particular news report was not able to verify immediately. A spokeswoman for Beijing based OK Coin says the platform has not received any notification from regulators.

Spokespersons at Beijing based Huobi and Shanghai based BTCC says, they were still waiting for further official clarification.


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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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