China is planning to completely ban activity of centralized cryptocurrency exchanges, targeting websites, mobile apps, people and businesses that provide exchange-like services.
It seems, that bitcoin finally gains momentum after the succession of equally infamous and disturbing news about China’s decision to ban ICOs and shut down all bitcoin trading.
As Chinese exchanges control around 95 percent of all bitcoin trading, this country has a significant impact on bitcoin operation all over the world.
During the past two weeks, Bitcoin price has been doing not bad at all. Thanks to various reasons, the value of the most discussed cryptocurrency has managed to keep its head above the $260 mark.
In its last publication the Cyberspace Administration of China claims we have entered the “post-Bitcoin era”.