China Securities Regulatory Commission ban bitcoin

1.

Prior to that, the regulatory authorities decided to close the exchanges of virtual currency in China. On September 14, regulatory rumors finally came to the ground. Just now, bitcoin China, one of China's three major virtual currency trading platforms, announced that bitcoin China would stop all trading business on September 30

according to public information, bitcoin China is the longest operating bitcoin trading platform in China, which was established on June 9, 2011. Affected by the news, bitcoin, lightcoin and Ethereum all fell sharply

2. Bitcoin China, the first bitcoin trading platform in China, announced yesterday that it would stop all trading business from September 30 this year. In this regard, some financial people expect that some investors will not participate in the local sale before the platform closes at the end of the month. If such investors rush in from a high level in August, the losses will be very heavy
bitcoin China announced that in accordance with the spirit of the document "Notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token Issuance" issued on September 4, and adhering to the principle of preventing investment risk and protecting the interests of users to the maximum extent, bitcoin China team has carefully discussed, Three decisions were made: first, bitcoin China digital asset trading platform stopped new user registration from yesterday; Second, on September 30, 2017, the digital asset trading platform will stop all trading businesses. Third, bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
affected by this news, bitcoin, lightcoin and Ethereum all fell sharply. By the time of Beijing Youth Daily, the price of bitcoin was 21600 yuan, with a 24-hour drop of 12.51%. During the day, bitcoin once fell below 20000 yuan, with the lowest price reaching 19597 yuan; Ethereum quoted 1472 yuan, down 14.56%; Lightcoin fell the most, offering 299 yuan, down more than 23%
bitcoin China, the first and largest bitcoin trading platform in China, is operated by Shanghai satuxi Network Co., Ltd., which was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
on March 12, 2014, bitcoin China officially launched the lightcoin transaction, with a total transaction volume of more than 30 million yuan
on September 30, 2017, bitcoin China stopped all trading business
the first time I bought bitcoin and the first time I bought Ethereum was in bitcoin China. The collapse of bitcoin China and other exchanges means that China has lost its pricing power in the field of virtual currency.

3.

On the evening of September 14, bitcoin China's official website announced that according to the spirit of the document issued on September 4, bitcoin China digital asset trading platform stopped new user registration from September 14; On September 30, the digital asset trading platform will stop all trading business

except bitcoin China, the other two platforms have not released relevant announcements yet. In response to reporters, Huo coin said that it has not received any clear documents or notices about the content of news reports. Okcoin said that the official announcement of okcoin should be taken as the standard

virtual currency has a long way to go and needs further supervision

4. There is no official document yet. Please wait patiently.

5. Bad news
from September 2 to September 3, the two originally planned "blockchain / bitcoin" summits were temporarily cancelled. One side said the number of people exceeded the size of the report, and the other side said Beijing's security was upgraded
at 15:00 on September 4, 2017, the people's Bank of China and other seven ministries and commissions officially issued the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token issuance (hereinafter referred to as the announcement), which said that from the date of this announcement (September 4), the, All kinds of token issuance and financing activities shall be stopped immediately. At the same time, the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
the payment method of ICO is bitcoin. It must be a bad news to stop ICO

6. The antidote, yes. At present, the price of bitcoin is 46000 yuan, 100000 yuan can buy more than two. The current price of enterprise special currency is 0.002 yuan, 100000 yuan can buy 50 million pieces. If you want 100000 to 200000, you need to double both kinds of digital currency. At this time, you will find that it is very easy to change from 0.002 yuan to 0.004 yuan, because there are few digital currencies below 1 yuan, and there is a lot of room for appreciation. But it is very difficult to double bitcoin to 92000 yuan. Comparing the two, we can see that there is more room for the appreciation of bitcoin. For ordinary investors, it's too wasteful to speculate in bitcoin, but the rich local tyrants are another matter.

7. Bubble economy, there is not enough capital reserves behind, the actual value is far less than the actual value.

8.

Bitcoin is just a virtual digital currency, its core is just an open source software project, anyone can it and launch their own version, but in recent years, it has been fascinated by investors all over the world. Since the beginning of 2017, this virtual digital currency has been more like a roller coaster, and the price has been rising, which has shocked the whole market. Yesterday, a top wall street strategist thought that bitcoin would rise by another 40% next year, and the target of bitcoin by mid-2018 was expected to be $6000

the notice requires that financial institutions and Payment institutions should correctly use the concept of money in their daily work, pay attention to strengthening the ecation of the public's knowledge of money, and incorporate the concepts of correct understanding of money, correct treatment of virtual goods and virtual money, rational investment, reasonable control of investment risks, and maintenance of their own property security into the content of financial knowledge popularization activities, We should guide the public to establish a correct concept of money and investment

9. Most of the time, the bitcoin market is as calm as water, and the sharp price fluctuations often occur in a very short period of time—— In fact, not only bitcoin, most of the trading objects in financial asset exchanges have similar characteristics. As the market value of bitcoin is still relatively small, its price is more vulnerable to external events. In terms of the two ups and downs this year, the price of bitcoin rose by 50% from July 1 to July 10 e to the halving of bitcoin mining output; As bitfinex, the largest bitcoin dollar exchange, was hacked and stolen 120000 bitcoins, bitcoin prices fell 25% in the next six days
if we look at the impact of external events on the price of the special currency in a longer period of time, the conclusion will be more clear. First of all, let's look at China: in December 2013, the people's Bank of China and other five ministries and commissions issued the notice on preventing the risk of bitcoin, saying that bitcoin is not a real currency, and bitcoin fell by 35% in one day; In October 2013, Taobao sellers began to accept bitcoin payment, the first online service to support bitcoin payment. Affected by the news, bitcoin rose nearly 10 times in the next two months
the rest of the story belongs to the foreign people: in February 2014, mtgox, the world's largest bitcoin exchange, was shut down, and the price of bitcoin plummeted by 50%; U.S. - in November 2013, the U.S. Department of justice, the Securities Regulatory Commission and the Federal Reserve all recognized bitcoin as a legal financial instrument, and bitcoin rose 20% on the same day; Europe – in April 2013, Cyprus was hit by the financial crisis, and bank depositors were facing serious losses. Bitcoin rose 130% in that month
the above shows that bitcoin is a very event driven investment proct.