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China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline by gemsborg

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@gemsborg (edited)
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China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
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China's bitcoin and cryptocurrency exchanges have received instruction that they will need to voluntarily shut down by September 15.

According to both leaked documents and statements from local exchange executives, issued on condition of anonymity, China鈥檚 regulators have now issued verbal directives indicating how they expect the businesses to wind down operations due to the fact that they are operating domestically without a formal license.

A document leaked on Chinese social media, translated below, lists a series of steps the exchanges must undergo during that closure. While not received directly by exchange executives surveyed, the document is reportedly consistent with verbal guidance.

Read more https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/
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@abhishekp
This will be a temporary phase
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@minnowpond
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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@minnowpond1
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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@svtechnik
So its the time to implement My Coincard on realmarket to grow up sutch coin again. See @svtechnik
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