Is China Really Banning Bitcoin Exchanges, Or is it Fake News?

in news •  7 years ago 

Amid a swirl of speculation, media in the West is reporting that China will indeed be banning Bitcoin exchanges.



Why the mainstream media picks up on ‘anonymous sources’ reporting on “China Bitcoin exchanges ban”

This comes after the Chinese government placed a blanket ban on ICOs earlier.

The reports in publications like the Wall Street Journal and others are quoting ‘anonymous’ sources that were not providing too much detail.

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It might be partly true and partly false. It's highly possible that the government will close some small exchanges and only keep some big ones. So far, there is no official document released from the Chinese government.