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On September 24th, the central bank and other ministries and commissions 10 jointly issued the Notice on Further Preventing and Responding to the Speculative Risks of Virtual Currency Trading, pointing out that it is also an illegal financial activity for overseas virtual currency exchanges to provide services to domestic residents through the Internet. Under this characterization, Huobi.com, one of the three major virtual currency exchanges in China, was completely eliminated, and a large number of virtual currency exchanges hovering in the gray area were closed.
Li Lin, CEO of Huobi, blamed his family for his dismissal, but some investors and users of Huobi obviously didn't buy it, and there were voices denouncing Li Lin and Huobi. Outside the exchange, mines, market analysis software and digital currency wallet, which constitute the gray ecology of virtual currency in China, have closed a large number of domestic services, and it is unknown whether they will go overseas.
Some overseas virtual currency exchange-related funds stopped trading, and e-commerce platform mining machines stopped selling. For a time, the currency circle was in chaos. Someone took advantage of this hype, and okex, another of the three major virtual currency exchanges in China, was acquired by Beijing Stock Exchange. Although the news was refuted, in the chaos, the price of okb, the platform currency of okex Exchange, doubled. (okb is the platform currency issued by okex Exchange, similar to stock securities.
The difference is that okb is sold on different stock exchanges and repurchased every year. The domestic currency circle has been hovering in the gray area. Under the clear policy, some people fled, some people shouted angrily, and some people took advantage of the chaos to make trouble. The rest are chicken feathers. Just like an illegal casino, it will be completed for life after liquidation. I recorded the final outcome of the bet I observed.
On September 24th, the central bank and other 10 ministries jointly issued the Notice on Further Preventing and Responding to the Speculative Risks of Virtual Currency Trading, pointing out that it is also illegal for overseas virtual currency exchanges to provide services to domestic residents through the Internet. Domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated units and natural persons who know or should know that they are engaged in virtual currency-related businesses and still provide them with services such as marketing promotion, payment and settlement, and technical support, shall be investigated for relevant responsibilities according to law.
At the same time, the regulatory authorities also issued the Notice on Regulating Virtual Currency Mining Activities, proposing to comprehensively sort out and investigate virtual currency mining projects. After the announcement, the Coin 'an Exchange suspended its registration under the guidance of the announcement on the refund of fire coins issued on September 26th: Coin 'an has stopped accepting the registration of new users' mobile phone numbers in Chinese mainland. On September 26th, mancoin.com, the king of domestic pheasant exchange, finally announced the permanent closure of his service in China. Mancoyne used to get involved in lawsuits.
When the bitcoin futures price of domestic professional websites such as okex did not rise to $50,000, the price of Man Currency Exchange had reached $55,000. When the bitcoin futures price of domestic websites such as Huobi did not fall to $40,000, the price of Manbi had reached $35,000. This exchange, which specializes in selling novice users of bitcoin futures in China, finally closed for good today.