Nowadays, China's cryptocurrency exchanges shutdown is a real hot potato. It is believed that the regulators are seeking a shutdown of exchanges as a part of the ICO ban imposed earlier this week. Due to this news, Bitcoin and other top ten cryptcoins are falling down.
However, some cryptocurrency enthusiasts, such as Charlie Lee and Samson Mow, speculate that the China exchanges shutdown might be just a conjecture.
— Samson Mow (@Excellion) 8 сентября 2017 г.
Samson Mow, CSO of Blockstream and CEO of Pixelmatic, supports his statement saying that "PBOC [The People's Bank of China] isn't exactly shy about making official announcements", so if the news were correct, the community would know it from the firsthand.
Would you believe news on CNN saying Bitcoin is banned in the US without any statement or source from the SEC or CFTC? or NYDFS?
CSO of Blockstream and CEO of Pixelmatic
The man concludes claiming that real or not, he doubts "anyone wants to go down in history as the person who tried to ban Bitcoin".
Whether the news is true or false, remains to be seen.