So far, bitcoin has fallen from a high of 32350 to a minimum of 20588, and continued to fall, the market panic.
The following news may be the main cause of the crash:1. regulators: bitcoin trading platform will be closed down, and in the near future to withdraw from the market
September 14th, the first financial reporter from close to the local Internet Banking Regulatory Office of the regulatory authorities were exclusively informed that the supervision of the domestic bitcoin trading platform under the final verdict: "all shut down, and in the near future to withdraw from the market."."
September 13th evening, the China Internet Finance Association issued a risk warning, saying that all kinds of so-called "currency" trading platform in our country there is no legal basis for the establishment. And said, bitcoin and other so-called "virtual currency" has become a money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, investors should be vigilant, find clues to the criminal activities should be reported immediately. Recently, the local authorities strengthened the investigation of the virtual currency trading platform such as bitcoin.
Beijing Financial Services Bureau held a meeting in early September, requiring the issue of tokens, financing, trading platform and virtual currency trading platform, must make a comprehensive clean-up work. In fact, regulators' eyes were focused on bitcoin platforms as early as the beginning of this year.The 2. time node at the end of September! Shanghai has informed the next letter closed down bitcoin trading platform
In September 14th, the first financial reporter exclusive from close to the Shanghai Municipal Finance Office was informed that the city finance office has already begun on the jurisdiction of a number of bitcoin trading platform issued a "verbal instruction", shutting down the trading platform, to withdraw from the market. "Time node set at the end of September, the caliber of strict." The source said. For the platform stock business, a bitcoin platform to the first financial reporter said, regulatory requirements are platform and customer consultations resolved". The sources close to the regulator also said that the regulatory requirements smooth and properly resolved, but the overall strength of the larger.3. bitcoin, China will stop all transactions in September 30th
full text reads as follows
Dear bitcoin Chinese users:
According to the September 4th "issued by the people's Bank of China Chinese central network information office and the Ministry of information industry SAIC will commission CIRC spirit on the prevention of financing risk notice" token issued documents, adhering to prevent investment risks, maximize the protection of the interests of users of the principle of bitcoin Chinese team after careful discussion, we hereby make the following decisions:
1) bitcoin China digital asset trading platform from today to stop the new user registration;
2) in September 30, 2017, the digital asset trading platform will stop all transactions.
Bitcoin, China's ore pool (national pool) and other business will not be affected, continue to operate normally.
Bitcoin this fall is expected, the state's control is actually accelerated the market's rational callback.
But I believe that the long-term future of bitcoin is still bright.