Hypothesis about Chinese Ban Report

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Anonymous
Hypothesis about Chinese Ban Report 2017-09-10 05:17:02 Post No.
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Hypothesis about Chinese Ban Report Anonymous 2017-09-10 05:17:02 Post No. [Report]

The original source about Chinese ban of ICO and crypto trading is Caxin which is one of the financial media known for close to the government insiders

On 31 August, Caixin first reported China regulator may start regulating ICOs in China.
http://www.caixinglobal.com/2017-08-31/101138778.html

Next week Monday on 4 September, Chinese government officially announced all ICOs are illegal in China. Exchanges must delist ICO pairs from the day with no grace period.
http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

On 9 September, Caixin first reported "Chinese regulators ordered a halt to all virtual currency trading platforms"
http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797

So what is going to be the announcement from PBoC this time?

Anonymous 2017-09-10 05:19:23 Post No.3419081
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Anonymous 2017-09-10 05:19:23 Post No.3419081 [Report]

Nice just bought 100k

Anonymous 2017-09-10 05:19:34 Post No.3419083
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Anonymous 2017-09-10 05:19:34 Post No.3419083 [Report]

>>3419057
“It means platforms facilitating trading between virtual currencies and legal tenders will not be allowed in China,”
In other words, bitcoin is now monopoly money in china.

Anonymous 2017-09-10 05:26:44 Post No.3419169
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Anonymous 2017-09-10 05:26:44 Post No.3419169 [Report]

>>3419083
>http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797
But the source added that the crackdown targets unauthorized trading at virtual currency exchanges, rather than Bitcoin and the underlying blockchain technology.

Sounds like they are just limiting fiat trades to the BTC/CNY pair. And/or that they will be increasing regulations on exchanges to make sure everything is above board and relatively safe.

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/