China is banning cryptocurrency exchanges

As you surely know, China banned ICOs and this affected Chinese exchanges because besides offering trading they also host ICOs (and some exchanges, like Binance, even did their own ICO). Well, supposedly this week Chinese regulators ordered these exchanges to halt their operations, but the terms of this order still remain unknown.

Following the news, the markets are in the red, and BTC and ETH prices are 10-15% lower in China.


Want to receive more content like this in your inbox?