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Monday, September 11, 2017

Markets Tumble Again – How Many Times can China Cry Wolf?

Markets Tumble Again – How Many Times can China Cry Wolf?

The accuracy of the Chinese news sources is also unconfirmed. Chinese news source Caixin elaborated on what is going on, but did not provide hard proof of the proposed closings.

The site said; “The supervisory authority has decided to close virtual currency exchanges in China, which involves all virtual currencies and denominations kept by ‘OKcoin,’ ‘Bitcoin China,’ and others. The new financial reporter from the Internet financial risk special rectification Work leading group confirmed the news. Allegedly, government agents intend on deploying a resolution shortly.”

A CNledger Twitter post, however, contradicted Caixin, saying, there is plenty of fake news circulating and nothing is confirmed. They said, “Lot’s of false news. Don’t believe them unless they’re confirmed or verified. Up to now, no exchange is forced to close, no body is arrested.”


Full story at http://bit.ly/2xZ4WLV


Source: Bitcoin News


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