“BTC China and OKCoin, China’s two largest exchanges by volume, both eliminated the free trading they’ve offered for most of the past two months. CNY exchanges likely also saw significant capital flight yesterday as traders looked to secure their funds before payment processors remove their ability to transact seamlessly. If the rumors turn out to be unfounded, the discount of CNY markets relative to USD would likely trend closer the norm over time. Yesterday was one of the few days in the past six weeks where USD volume outpaced CNY. Notably, the same also occurred on December 6, following the original PBOC announcement.”
http://thegenesisblock.com/bitcoin-falls-20-pboc-rumors-chinese-exchanges-reinstate-fees/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Chicago’s Sky-High Tobacco Tax Creates a Huge Black Market
Some Troops Asked If They Would Kill U.S. Citizens If Ordered
It’s official – Renouncing US citizenship saved our home
White House refuses to accept that NSA phone dragnet is illegal
Max Keiser's Marshmallow Gun of Truth: Think Tank
US Supreme Court Rejects Marijuana Reclassification Appeal
How Much of a Revolving Door Crony is the New Obama Appointee for Head of the SEC?
What Ben Bernanke Will Do When the Accelerated Price Inflation Hits
'Tech Should Make It Easier To Escape Government Control'
The European Parliament’s Pro-Tax Politicians Should Go After their Own Tax-Protected Salaries
BitPay Surpasses 10,000 Bitcoin Merchant Transactions, Zero Cases of Payment Fraud
Swedish minister declares his support for principles to protect privacy
Uruguay House Barely Passes Marijuana Legalization Bill
FBI warns retailers: more breaches are coming
Why Your Town Is Going Broke