China Delivers Final Blow, Shuts Bitcoin Exchanges This Month

[kreslik.news]

China plans to shut down domestic Bitcoin exchanges by the end of September, delivering the final blow to the nation’s industry of cryptocurrency trading, anonymous sources told Chinese financial news outlet Yicai.

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The sources said that regulators have finally given a clear message on when the shutdown will occur, adding that the exchanges will be ordered to leave the market after taking off inside the mainland four years ago.

Yicai’s report cited a source close to decision-makers: “It has ... (read more)