One of the reasons why crypto currency is currently falling and might continue to do so until the end of September.
Chinese government and Chinese financial regulators on 15th of September had officially requested from Chinese exchanges and other trading platforms to shut down by the end of the month (Chinese crypto market accounts for around 15% of global crypto trade), whereby have also requested from exchanges and other trading platforms not to allow new users register at their platforms (as of 15 September) Furthermore, Chinese exchanges and other trading platform were also told that by 20th of September are to notify the Government on how they plan to allow their registered users withdraw they funds in a risk-free manner.