China returns to the charge against cryptocurrencies and Bitcoin, seeking to regulate and prohibit exchanges in the country, in addition to informing investors of the high risk of operating in this market.

Negative rumors from China appear again, which would be the origin of the fall of Bitcoin and the cryptocurrency market at this time. China seems to want to ban exchange houses, all of them, whether national or foreign. Already in September I launched a primary ban on Initial Offerings of Cryptocurrencies or ICOs and now they seem to return to the load. It is not the first time that there has been talk of total bans, but we have already seen that nothing has happened in this time and possibly, it is a new attempt to manipulate the market.

Financial News, controlled by the People's Bank of China, has published a report this weekend, where it talks about an alignment of the authorities to take measures regarding a regulation that prohibits cryptocurrencies, which are widely used in the country for the return of local money and how difficult it is to get capital out of the country.

The government controlled environment ThePaper.cn has said: 'To prevent and mitigate financial risks, the authorities will take regulatory measures against ICOs and virtual currency exchanges within and outside the country, including the prohibition of relevant businesses, in addition to the prohibition and removal of websites of national and foreign virtual currency. '

This report also clarifies that 'after the cleaning and remediation, the volume of transactions of virtual currencies denominated RMB (legal tender in China), decreased by more than 90% of the global volume of operations to less than 1% at the same time. time, thus greatly reducing risk levels'

The information comes a week after the National Internet Finance Association highlighted that previous half attempts at cryptocurrency investments were a fiasco. Following this failure, a public notice was issued regarding investments in cryptocurrencies on foreign exchanges. Along with this report, a regulatory blockade is implemented, which for now is a warning, since many have moved investments to platforms outside the Asian giant.

Many miners are also preparing the ground in case the bans hit them, being able to go to Switzerland or Canada, countries that would be delighted to receive them and that could provide enough facilities in this regard.