BTCChina will close the trading on Sep 30 2017

BTCChina will close the trading on Sep 30 2017 />


Bitcoin News

btcchina close tradingBTCChina, one of China's biggest Bitcoin exchanging platforms, that in addition runs an international trading platform in Hong Kong, will end the account registration of new users starting on Thursday this week according to its official announcement. 2nd, on September 30, 2017, all crypto-currency trading will stop on BTCChina.

On US trading platform, Bitstamp, the price of Bitcoin was down more than 6 percent at about $3,500, down from its Sep 2 record high of almost $5,000.

BTCChina stated its decision was based on a directive from Chinese authorities including the central bank which expressed worries about the use of cryptocurrency on capital-raising, and all ICO activities have been banned in China.