Breaking News - China Prepares To Impose Curbs, "Capital Controls" On Bitcoin - BTC consolidation time!

Posted moments ago on zerohedge :
http://www.zerohedge.com/news/2016-11-03/china-prepares-impose-curbs-capital-controls-bitcoin

According to Bloomberg sources, Chinese officials are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms outside the nation and imposing quotas on the amount of bitcoins that can be sent abroad. Further indicating that Chinese regulators were "just a little behind the curve", they allegedly noticed only recently that some investors bought bitcoins on local exchanges and sold them offshore, evading rules on foreign exchange and cross-border fund flows, the report further reveals.

OKCoin BTC Futures starting to react :

I'm gonna call it, I think Bitcoin will take the red path I posted the other day:

Looks like it's time to get back into alt-coins!

~ @ausbitbank ~

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