Rut Roh Raggy
Quote:
Chinese media is reporting executives of crypto exchanges have been ordered to not leave the country with a very rough translation stating:
“A number of informed sources say the executives of special currency trading platforms are not allowed to leave Beijing to cooperate with the investigation. In accordance with regulatory requirements, trading platform shareholders, the actual controller, executives and financial executives need to fully cooperate with the relevant work in the clean-up period in Beijing.”
Australia’s Financial Review (AFR) says the above has been confirmed with them by “a source close to one of the biggest exchanges, Huobi,” which told them its founder, Li Lin, was required to “report to the authorities and cooperate with their work at any time.”
The draconian measure is undertaken following a decision by China’s Communist Party to close down all crypto exchanges, with trading volumes in the country dropping considerably.
Chinese trading volumes now account for only around 5% – 10% of bitcoin’s or ethereum’s global trading volumes. With price there significantly lower. Leading CoinMarketCap to exclude them from calculations of average prices.
Read More Here: http://www.trustnodes.com/2017/09/19...reparing-worst
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"You know, they lay down with their ugly wives in front of their ugly children and just look at their loser lives and then they look at me and say, "I CAN'T PROCESS IT!" Well, no, and you never will. Stop trying. Just sit back and enjoy the show .... You know?"
Carlos Irwin Estevez
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