Zero-Fee Bitcoin Trading Officially Ends in China; Begins in the UK
Following inspections from People’s Bank of China, the Big Three Chinese exchanges have halted margin and zero-fee cryptocurrency trading. The End of the Beginning? Bitcoin’s surge in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against capital flight in the country, restricting foreign investments and gold importations. Given that an overwhelming majority of the Bitcoin trading volume comes from China, the government has now turned its eye towards the cryptocurrency industry. The warnings and subsequent inspections....
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BTC China has reinstated trading fees in an attempt to combat market manipulation. BTC China has, after 3 successful months, has decided to resume trading fees. For a few weeks now, because of 0% trading fees, BTC China has consistently been the highest volume BTC exchange. Trading fees will be 0.3%, the announcement reads: Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden....
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