It’s been quite a tough time for the cryptocurrency community due to the whole China-against-Bitcoin thing, as a result of which the top cryptocurrency price has fallen. On top of that, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges.
However, this is not the end of the restrictions.
Now, Beijing News reports that executives of Chinese Bitcoin trading platforms may not leave the country, per industry insiders. During this period of uncertainty, the executives must fully cooperate with Chinese authorities.
A number of insiders said that current executives, owners, shareholders, and managers of bitcoin trading platforms are not allowed to leave Beijing. In accordance with regulatory requirements, shareholders, owners, and financial executives must fully cooperate with the ongoing investigation during the closure process in Beijing.
Although the alleged prohibition singles out “Bitcoin executives,” the injunction would likely apply to people in management positions at virtual currency trading platforms more broadly.
Bitcoin charts on coinmarketcap.com
Meanwhile, at the time of writing, Bitcoin cryptocurrency price is slightly above $4,000 and its market capitalization $66,711,282,963.