Bitcoin Price Finds Stability As Market Factors In China Crackdown

Bitcoin Price Finds Stability As Market Factors In China Crackdown

Markets have factored in the fee imposition by Chinese exchanges so we are entering a period of Bitcoin price stability. Chinese exchanges started levying a fee for investors and traders starting Jan. 24, 2017. This followed the decision of the People’s Bank of China to conduct on-site inspections. The decision of the Chinese exchanges to impose fees was clearly a move to stay in business and compliant with the demands of the central bank. While these exchanges may now be on the ‘right side of the law’ in China, the long-term effects of this move will be felt for some time to come. Trading....

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