China bans crypto exchange

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Gox Exchangewhich at bitcoin was a potential outlet to take proactive measures to.

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What is a cryptocurrency airdrop	Also, the PBoC noted that bitcoin was a potential outlet for laundering cash. The exposure of major crypto exchanges and payment companies was not immediately clear, however. Crypto exchanges OKEx and Huobi � which originated in China but are now based overseas � are likely to be the worst-affected, since they still have some China users, analysts said. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. It would seem that its findings informed the decision to ban initial coin offerings ICOs on Sept. Why is it rebounding and can the rally last?

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But the common Western media narrative � that people are furtively trading crypto behind the backs of Chinese authorities � is not quite right. It all comes down to one of the key principles in Chinese policy: Preserving social stability. Angels also teach users about the exchange's offerings, best practices and the blockchain. Letting crypto thrive in Hong Kong, if not the mainland, is a way for China to stay in the game while mitigating the risks. Its free with no strings attached.