Chinese Bitcoin Exchange BTCC to Suspend “All Trading” on Sep 30

Journalist:
September 14, 2017

In significant news coming out of China, one of the country’s “big three” exchanges, BTCC, has announced it will stop trading of cryptocurrencies this month.

Shanghai-based BTCC wrote on social media:

After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina will stop all trading on 09/30.

The cryptocurrency exchange, one of the earliest trading platforms in China and the world, added that other products and services, including mining operation BTCC Pool will not be affected by the change.

On September 4, the People’s Bank of China, China’s central bank, announced a sweeping blanket ban on all initial coin offerings (ICOs), a radical new form of fundraising facilitated by cryptocurrencies.

Developing…Stay tuned.

Last modified (UTC): September 14, 2017 13:56

Tags: BTCCChina
Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas