Bitcoin Exchanges Shut Down by Chinese Authorities

Bitcoin Exchanges Shut Down by Chinese Authorities

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BEIJING—Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago.

The country’s central bank has led a draft of instructions that would ban Chinese platforms from providing virtual currency trading services, according to people familiar with the matter. The move comes after…

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via WSJ.com: Technology http://online.wsj.com

September 11, 2017 at 04:51AM

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