Published on September 15th, 2017 | by bitcoin0
Yunbi Bitcoin Exchange Closes in Wake Of Chinese Crackdown
Another China-based cryptocurrency exchange, Yunbi, has announced the closure of its trading operations in the midst of a wider crackdown within the country.
At the time of the ICO statement on September 5, Yunbi stated it would comply with the ban by delisting all ICO tokens from its platform – a response which was evidently not sufficient to protect the exchange from further restrictions that appear to be coming into force.
Reportedly, all China’s bitcoin and cryptocurrency exchanges have received orders that they will need to voluntarily shut down by the end of today, September 15.
The Huobi and OKCoin exchanges are expected to announce plans to shut down within hours.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.