China ve. Crypto currency: Bitcoin exchanges are not allowed to leave the country

Chinese authorities seem to be more and more massive against cryptic diseases such as Bitcoin. After several Bitcoin exchanges have announced to cease their business in the country, their bosses are now allegedly a departure ban.

The Chinese authorities are more and more determined against the Bitcoin exchanges in the country and are reportedly forbidden to leave their country for their most important representatives. This is reported by the Wall Street Journal, citing a conference in Hong Kong, which was also expected by representatives of Bitkan and Okcoin. However, they did not appear, but the eccentric software developer John McAfee, who is active in bitcoin business, was present. He had reported on the general ban on leaving the country, which should lead the responsible parties to help with the execution of their Chinese business activities.

"War" for crypto money

Last week, with BTCC, one of the most important Bitcoin exchanges in the Middle Kingdom announced its intention to cease business operations in the country. Other marketplaces would not know about an imminent ban, but followed a little later: according to a report from Quartz, Okcoin and Huobi also announced that they wanted to cease all services for customers in China. While trade has already moved to other countries such as Japan, South Korea and North America, the miners are afraid that they will soon be the next after the Initial Coin Offerings (ICOs) and exchanges. The war between the advocates of cryptanages and governments has begun, says McAfee.

translated from German in English, translated by google.

source: https://m.heise.de/newsticker/meldung/China-vs-Kryptogeld-Verantwortliche-von-Bitcoin-Boersen-duerfen-Land-nicht-verlassen-3837472.html