Why is the stock price of Shandong mining machinery low in 2020

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A few days ago, China officially declared that all tokens are illegal and cannot be traded and circulated. The people's Bank of China called the ICO illegal and demanded that all related financing activities be stopped immediately

According to the announcements of both sides, the platform will inform all users before September 30 that they are about to stop trading, and will graally stop trading all digital assets against RMB before October 31. The two platforms only stopped the RMB trading business, and the rest of the business was not affected

earlier today, some media reported that the regulatory authorities required the exchanges to close before the end of September, but the scale and number of transactions involved in fire coin and okcoin were large, and no ICO or online related token had been done before, giving fire coin and okcoin a one month buffer period

both huocoin.com and okcoin said that they had received the notice and guidance from the regulatory authorities this afternoon. This afternoon, a document entitled "requirements for the clean-up and rectification of virtual currency trading venues in Beijing" (hereinafter referred to as the "requirements") also came out. It pointed out that the exchanges should issue an announcement before 24:00 on September 15 at the latest, specifying the final time to stop all virtual currency transactions, and announcing the immediate stop of new user registration