What’s happening to Chinese Exchanges?

After the announcement from the People’s Bank of China declaring ICOs to be illegal, there has been some uncertainty over the future of exchanges in China. There has been some confusion with regards to what will happen to ICO tokens and coins. (texasautotrim.com) There is also confusion as the what are the exact rules trading. This is a list of how exchanges are currently handling the situation:

YunBi

  • Resumed Trading
  • Delisted QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN, VEN
  • Resuming BTC, ETH, ZEC, SC, BCC, ETC, BTS.
  • Froze Trade APIs

Binance

JuBi

 

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Michael Gu, Creator of Boxmining, stared in the Blockchain space as a Bitcoin miner in 2012. Something he immediately noticed was that accurate information is hard to come by in this space. He started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share his experiences. Being based in Asia, Michael also found a huge discrepancy between digital asset trends and knowledge gap in the West and China.

2 COMMENTS

  1. Just be patient, and wait for the Chinese government to create their own Blockchain, then all ICO will be issue by them. China government wants 100% control over all businesses in China.

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