The Chinese Exchange Viabtc partly responsible for Bitcoin Cash, has issued an announcement today that they will close their website by the 30th of September. This is the second exchange to do this, as BTCChina has also announced that they will stop all trading by the 30th as well. The reason for the shutdown is due to the ICO regulations put forth on the 4th of September, and no new legislation has been quoted on the shutdown notice.
On September 4th, China’s central bank together with six other departments released a public statement on regulation policies and warning the risks of ICO projects. As a responsible cryptocurrency exchange platform, ViaBTC (www.viabtc.com) has made a serious decision to carry out the spirits of the policy – we will officially close the website www.viabtc.com for exchange business in Mainland China on September 30th. Before that we will complete processing of all withdrawal requests of CNY and cryptocurrency assets. ViaBTC mining pool (pool.viabtc.com) and cloud mining services will not be affected.The arrangements are as follows:Sept 25th: Closing of registration, asset deposits and all trading pairsSept 30th: Closing of website www.viabtc.comPlease make sure to withdraw all your assets including CNY and cryptocurrency before September 30th, after which ViaBTC website www.viabtc.com will be officially closed in Mainland China.
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