Recently, news broke that China intends to close the Bitcoin trading platform. Bitcoin then drove the price of RMB all the way down and once fell by 20%. Is the era of virtual currency ending? For Bitcoin transactions, what are the new conditions after 24 hours of fearlessness?
Bitcoin trading platform is banned?
For the past 24 hours, the Bitcoin trading platform has been worried about the minutes. The notification of closing transactions mentioned in the relevant reports has become a sword hanging overhead. According to the information in the report: "Bancoin trading platform is not used to ban Bitcoin. The banned platform is to cancel the channel for large exchange of bitcoin and legal tenders." If this news is true, it means that the domestic Bitcoin trading platform will not be exchangeable in the future. The renminbi, virtual currency such as bitcoin purchased by investors cannot be withdrawn.
Bitcoin depreciates against the yuan
Although the supervision of boots has not yet fallen, but Bitcoin on the renminbi all the way down, breaking the 27000, 26000, 25000, 24000 four important points, a decline of more than 20%. Under the plunge of prices, bitcoin websites have issued a statement to retain investors, saying that regulators did not declare Bitcoin itself illegal, nor did it prohibit peer-to-peer transactions between users and users. Bitcoins held can still be traded in point-to-point transactions.
Faced with the downturn, some people are busy buying back at the bottom of the bargaining price. Some people choose to flee and flee. As for Litecoin, Ethereum and other similar virtual currencies, it is expected to follow the bitcoin in the near future. Perhaps the era of virtual currency is really coming to an end.
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