China’s Bitcoin Exchanges Receive Orders to Shutdown – Bitcoints


Published on September 15th, 2017 | by bitcoin


China’s Bitcoin Exchanges Receive Orders to Shutdown

China’s bitcoin and cryptocurrency exchanges have received instruction that they will need to voluntarily shut down by September 15.
A document leaked on Chinese social media, translated below, lists a series of steps the exchanges must undergo during that closure.
Already, however, two exchanges – BTCC and ViaBTC – have announced their closure, both citing the regulatory statement issued by authorities on September 5.
Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office.
Exchanges shall save all user trading and holding data, and send it to local authorities immediately in DVDs.


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