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All the bark and a little bite. China Bitcoin Ban puts traders in “fear” zone By Cointelegraph

All the bark and a bit of bite. China’s Bitcoin ban puts traders in ‘fear zone’

Chinese bans (BTC), again.

No, we are not time traveling. On September 24, the People’s Bank of China (PBoC) released a new series of measures promote inter-ministerial coordination to combat cryptographic activity. The measures were aimed at “cutting off payment channels, disposing of relevant websites and mobile applications in accordance with the law”.

Bitcoin price on Bitstamp in USD. Source: TradingView
3-month Bitcoin futures base rate. Source:
Deribit Bitcoin options 25% delta skew. Source:

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