The virtual currency, which emerged after the 2008 financial crisis, fell to $ 2,972 on Friday - beginning earlier this month, it dropped by 40% to more than $ 5000 - before reaching $ 3,600 in the afternoon.
After the drop, Beijing ordered the Crypturcising Transaction to stop the trade and stopped new registrations, as it is suspected that due to the increase in the number of consumers deposited in the market, due to the financial problems May be.According to the Chinese State Newspaper Securities Times, all trading exchanges will have to clarify till midnight of September 15 that they close all cryptcurrency trade and announce new users to close their registrations when they become clear. BTCCachia, which is the largest Chinese exchange, said on Thursday that it would close all businesses till September 30. After this, on Friday there were many other exchanges, including Okin and Hubei. China is part of almost a quarter of Wicketkeeping Trades and it is also home to the world's largest Bitikin mines, which use bulk computing energy for bidding in digital currency.
Using bitcin is allowed to bypass banks and conventional payment methods to pay people for goods and services. Concerned about the sale of banks and other financial institutions, money laundering and sellers for online offense, and it has not been taken by any government. Despite the worries, by the end of August, the currency had increased by more than 700% in the currency year
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit