As a result, during this month of many official and non-official statements, and regulations by Chinese Government and regulatory agencies regarding Bitcoin, Cryptocurrencies, and banning ICOs, even the latest rumor on banning Bitcoin-to-fiat exchange. China’s second largest cryptocurrency exchange BTCCHINA has announced and confirmed it is shutting down on September 30.
— BTCC (@YourBTCC) September 14, 2017
Also as a direct impact of above mentioned official actions of Chinese Government regarding Cryptocurrency market in China, Bitcoin continues to decline in price, as China was seen as one of the biggest market for Bitcoin and other Cryptocurrencies.
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