Last Friday, Bitcoin’s price dropped to 6.6 % after the ICO ban report by Caixin, a financial publication in China.

Market action have largely gone down, following reports of Beijing’s plans to ban domestic exchanges trading with virtual currencies.

According to chief executive of cryptocurrency trading platform BitMEX Arthur Hayes, everyone is still waiting for the regulator’s official statement. The drop in bitcoin value is indicative of the community’s divisive opinion on the Caixin piece.  

A separate source confirmed to online publication Reuters plans on banning the exchanges that catered to trading of virtual currencies. China’s central bank has yet to comment on the issue.

Source: Reuters

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