BTC China, one of China’s largest Bitcoin exchanges, has announced that it will close down at the end of September amid reports that Beijing is considering shutting all local cryptocurrency exchanges. The news has sent Bitcoin prices in China down as much as 30%. The closure of BTC China and rumored actions by Chinese regulators is the second major hit to the global Bitcoin market, following a ban on initial coin offerings in China announced 11 days ago by Beijing. …


BTC China To Close, Bitcoin Prices Plummet Amid Regulatory Storm In China appeared first on China Money Network.



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