ViaBTC Announces It Will Stop Trading

ViaBTC one of China’s  largest cryptocurrency exchanges said it will close all operations in mainland China on September 30.

The statement said:

“As a responsible cryptocurrency exchange platform, ViaBTC has made a serious decision to carry out the spirits of the policy – we will officially close the website www.viabtc.com for exchange business in mainland China on September 30th.”

ViaBTC also announced to its users to withdraw all their assets (CNY and Cryptocurrencies ) before September 25. Another  Chinese exchange, one of China’s biggest,  BTCC said yesterday that it will also stop trading Bitcoin and altcoins. After China’s regulators warned all exchanges in China about ICO on September 4th

We will have to wait and see what the Chinese government does next, and how effective their regulations will be.

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