China - The age of virtual currency is over?

Sep 9, 2017 cryptocurrency china exchanges ico ban virtual

A quick break down of the video above. Rough week for cryptocurrency as another rough storm from China. First it was the ICO ban, now rumor has it that they will ban exchanges. But nothing from official sources and won't be anything till Monday, as Chinese officials do not work over the weekend.

Exchanges responding on twitter are downplaying it. Who knows though, perhaps they're planning to save themselves over the weekend. Looking back not too far ago, the ICO ban also had rumors flying around and several warnings before the official word was out. This could play out the same way. Either way there are still a lot of countries that do advocate virtual currency and still lots of money to enter this space.

Keep an eye out for more news in the coming days.

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