Chinese Exchanges Update Summary Article
After the announcement from the People's Bank of China declaring ICOs to be illegal, there has been some uncertainty over the future of exchanges in China. There has been some confusion with regards to what will happen to ICO tokens and coins. There is also confusion as the what are the exact rules trading. This is a list of how exchanges are currently handling the situation:
YunBi
- Resumed Trading
- Delisted QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN, VEN
- Resuming BTC, ETH, ZEC, SC, BCC, ETC, BTS.
- Froze Trade APIs
Binance
- Disabled ICO platform
- Disabled Chinese IPs from Trading!
- Refunded Tron Token
- Recieved VC funding - Binance received financial backing from Black hole Capital and Funcity Capital
- Reassured that Exchange will be fine (10am on Slack)
JuBi
- RMB exchange
- Disabled "experimental" section, removing
- UGT , TIC , IPC , ELC , ICO , QTUM, HCC , BTM , ACT , BTK , EOS Removed
This is very detail. i wonder how about NEO the antshares
Exchanges • Regulation • Exchanges • News • Regulation
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China's major bitcoin exchanges halted, or otherwise updated, their lending-based bitcoin trading services today.
First reported by China-based bitcoin traders and market observers this morning, BTCC, Huobi and OKCoin appear to have quietly adjusted their terms, though only BTCC had moved to issue a formal comment confirming the changes.
Bobby Lee, CEO of BTCC, acknowledged that changes to the exchange's service were being made in response to interactions with the People's Bank of China, the country’s central bank, though he stopped short of saying that the service had been terminated or disabled.
Lee indicated that the move came after the exchange received "informal guidance" from the PBoC, which has been more actively engaged with domestic bitcoin exchanges amid the run-up in bitcoin prices seen at the start of the year. The developments followed news that central bank officials had met with representatives from the exchanges.
Lee told CoinDesk:
Clear and concise to the point! Thanks for the info!
Thanks for the summary!
<3
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Thanks for this import detailed information!
Low and behold the market is already recovering. Let this be a lesson. Patience is key with investing.
thanks for the update. keep up the good work.