BTCC, one of the largest Chinese Bitcoin exchanges, has announced it will be closing down its China -
facing trading operations effective September 30.
The closure of the exchange's China -
facing trading operations comes following a statement from financial regulators on September 4, which banned developers and entrepreneurs from launching token sales (or ICOs) within the country.
Bobby Lee, CEO and co-founder of BTCC, which closed down its China -
facing trading operations in September 2017 after a well - publicized government crackdown, spoke to CNBC about the future of cryptocurrency in China
Not exact matches
Europeans or CHinese companies who
trade with Iran can now
face retaliations from the US administration (and losing access to the US market is too high a price for reaching the Iran market) and even by US courts (for any
operation involving Iran using US$).
Along the way, McDonell also takes the time to discuss the various challenges you may
face while
trading Forex and explains how treating your
trading operations like a business can improve overall performance.
Second, the
trade group wants to sustain efficient
operation, which means «ensuring that we're running our plants as efficiently as we can while applying regulations that are appropriate for the risks that we
face,» Korsnick said.
The decision to delist the exchange is due to the regulation tightening in China, where a few days ago the authorities called ICOs illegal financial activity and warned the
trading platforms might
face a possible closure if they continue to support
trading operations with tokens issued within ICOs.