China Celebrates Killing Its Bitcoin Exchanges As CNY Volume Falls Under 1%

China celebrates victory over creating its own world by keeping Google, Facebook, Telegram, YouTube…out of bounds.
Oh by the way, China also celebrates its cryptonomic suicide by keeping all things crypto out of CNY trade, really?
There are weekly blockchain meetups in almost all the cities in China and in big ones like Shanghai and Beijing, a few a day.
And you really believe what drives those meetups has got nothing to do cryptos and money?
Yeah, my mom’s a virgin too.

China Celebrates Killing Its Bitcoin Exchanges As CNY Volume Falls Under 1%

The People’s Bank of China (PBOC) has declared victory over Bitcoin, stating that the market leader’s trading in its national currency has fallen to less than 1 percent of total global volume.

‘TIMELY MOVES’

The PBOC announced that global bitcoin trading volume in China’s national currency, the Yuan (CNY), has fallen to less than 1 percent — according to Chinese news outlet Xinhuanet.

Under the banner of anti-money laundering and scam-busting efforts, the central bank declared victory stating that it had ensured a risk-free exit for 88 cryptocurrency exchanges and 85 ICO trading platforms since September 2017.Zhang Yifeng, a blockchain ……

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