Chinese police secure the office of the OIC: GXChain is the victim

The office of a start-GFChain has been closed down by the Chinese authorities. GXChain the hoogtent of course, with a market capitalization of $600 million. At the time of this writing, there is still a $48 million will be left.
Journalist, Airlines Wan to ask her out-loud wondering: what does the Chinese government not to look at the other ICO programs.


Wan to think that the business model of the company’s GXChain is the reason for the sudden closure. It’s a company that sells financial data. For example, the credit rating of a person.
Wan on Twitter:

“I don’t have a clue as to why the police action started at GXChain, instead of the tens of thousands of Chinese scams. For GXChain have a real business behind it. The trigger may be the information that they provide here.”
Now Wan

The latter is a key issue in China at the moment, the government does have a score. If you are not good with the Chinese government, then you get special privileges denied to them.


In China, it is a different story in the field of bitcoin and other cryptomunten. On the one hand, the government uses a strict policy, it may not be just the money out of the country over. There has been bitcoin in the state. However, the holding, and to personally act in bitcoin, it is not illegal.
The People’s Bank of China gave a clear explanation of bitcoin to the general public.
But at the same time, is a lot of hashpower on the network of the bitcoin is made in China. The miners are earning good money, but there’s also insecurity: miners choose to vote with their money and are their operations set up in Russia.
In addition, the central bank of China is well on its way to its own cryptomunt out of it.
In short: there are bubbles or something in China in the field of cryptovaluta. On the one hand, the government seems to be slowly getting more and more of ICO’s from end to end, and, on the other hand, looks at the country of bitcoin, and its own cryptomunt.
The new Bitcoin News: The sales of bitcoin miners, the measures by The Dutch central Bank, as well as Chinese coffee shops.
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About the author

Jeremiah Faber

Jeremiah Faber

Jeremiah is an explorer by heart – both in the physical and the digital realm. A traveler, Jeremiah continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Jeremiah and through his business acumen has gained financial profits as well as fame in his business niche.