Announcement on BTC's suspension of cash withdrawal
On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible
bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress
10, bitcoin China issued a notice on its WeChat official account. It said that in order to implement the spirit of the September 4th announcement of the seven ministries and commissions issued by the Chinese people's Bank of China on the prevention of the financing risks of Dai Ying issued, it will actively respond to state regulation and will stop the cash business at 12:00 noon in October 30th this year. p>
in addition, bitcoin China said that bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
in addition to bitcoin China, the other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, will stop trading all digital assets against RMB before October 31, and the work of clearing their funds and assets is also in progress
In fact, it is not a bad thing to take preventive measuresbitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
I trade directly on dobby trading platform, fire coin, coin security and OK. Maybe the platform needs to be upgraded. To be specific, you can ask the customer service of the platform why it can't be mentioned, which has no impact on Ethereum's money collection
the central bank will only suppress bitcoin to prevent it from disturbing the financial order, but it will not ban bitcoin. The decline in trading volume of domestic trading platforms has made the central bank achieve its expected goal. However, in addition to bitcoin, there are also excellent digital cryptocurrencies such as ether coin and Puyin.
in addition, bitcoin is essentially a piece of computer code, which is generated by bitcoin software system on P2P network; Today, its price is getting higher and higher. It can only be said that people have a high acceptance of it
as we all know, the main function of money is to act as the intermediary of transaction; According to coin packet, as bitcoin, it can be said that it is the comprehensive proct of the current network technology and social and economic development to a certain stage; It is people's general acceptance of it that makes it part of the function of currency. When a new currency appears one day, people will be interested in it, and bitcoin will pay less and less attention. Maybe bitcoin will leave
therefore, it is wise to invest rationally
personally, I think bitcoin is a huge worldwide fraud. Figuratively speaking, bitcoin is a pyramid scheme in which old people cheat new people. Unless you can cheat people with cash again, don't play it. In general, if you don't have enough confidence in yourself, you'd better not touch it.