The Chinese government previously banned initial coin offerings and
halted trading of virtual currencies on local exchanges for a period in 2017.
Bitcoin's massive correction on Friday forced Coinbase to
halt trading of the virtual currency twice.
Not exact matches
From a
halt to
virtual currency trading on domestic exchanges to banning initial coin offerings, regulators have taken a proactive role in shaping the stratospheric rise
of Bitcoin and its peers.
China on Monday issued a notice, demanding that all ICOs have to be
halted as
of Monday, claiming that coin fundraising poses «multi-layer» risks and that platforms are barred from
trading virtual currency with fiat
currency.
GDAX then
halted all
trading in the
virtual currency after only 4 minutes
of trading, with the last recorded transaction coming in at $ 9,500.
Considering the possible split
of the
virtual currency,
halting trade momentarily seems like the most viable option.