All bark and some bites.China’s Bitcoin ban puts traders in a “fear” zone

China prohibits (Bitcoin), again.

No, we will not go back in time. On September 24, the People’s Bank of China (PBoC) issued New measures Promote inter-departmental coordination to combat cryptocurrency activities. The measure is aimed at “cutting off payment channels and disposing of relevant websites and mobile applications in accordance with the law.”

Bitstamp’s Bitcoin price (in U.S. dollars). Source: TradingView
Bitcoin 3-month futures contract benchmark interest rate. Source:
Deribit Bitcoin options 25% delta skew. Source: