Having lost about the 20% of its price due to China ban of ICOs, Bitcoin gets new hit: Caixin reports Chinese authorities plan to shut local Bitcoin exchanges.
The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies and currencies of the currency , such as "currency line", "coins" and "Bitcoin China."
Journalists confirmed the news from the person who came close to the Internet Financial Risk Special Rectification Working Group (hereinafter referred to as the Leading Group) and learned that the resolution had been deployed to the local level.
In other words, the future in China can not have the so-called virtual currency and the currency between the trading platform.
So, Caixin suggests regulators are seeking a shutdown of exchanges as part of the ICO ban imposed earlier this week.
Well, what's the market reaction? Let's check Bitcoin price chart for this week.
Bitcoin price chart
As you can see on the picture above, Bitcoin got a big "hit" on the 5th of September, just started to recover. Now he's down again.
Top ten cryptocoins
Top ten cryptcoins are falling down along with Bitcoin.
From the point of $4008 at Monday, Bitcoin regained all its lost ground, only to lose half of it once again.