China bitcoin exchanges to apply trading fees

[The Buzz]

China's three largest bitcoin exchanges, whose activities have drawn increased scrutiny from the central bank, said they will begin charging trading fees effective Tuesday. The fee will be 0.2% per transaction.

The absence of trading fees has encouraged volumes and boosted demand at Chinese bitcoin exchanges. The New York Times, citing data by blockchain analysis firm Chainalysis, reported in late June that 42 percent of all bitcoin transactions took place on Chinese exchanges in the first half of the year.

Read more here from Yogonet.com: http://www.yogonet.com/international...y-trading-fees

[Virtual Marketing]

These fees already adjusted

[Pokerface]

Interesting facts about how large the bitcoin transactions are and accounted for in China.

[BetTripAdvisor]

Very big!! bitcoin is a tunnel for capital flow away from China.
Considering the strict capital control of Chinese Government.
Bitcoin naturally is a wonderful tool to transfer money.