Source: rss.wn.com
Financial regulators in Shanghai, China’s financial center, have ordered bitcoin exchanges to close, two business newspapers reported Thursday, following uncertainty about the digital currency’s future in China caused its price to plunge, The Associated Press reported. The regulators gave verbal instructions to exchange operators to shut down, China Business News and 21st Century Economic Report said on their websites without providing any other details. Without responding to questions about bitcoin’s future in China, the report said, the central bank said the cryptocurrency was traded without regulatory oversight and might be linked to fraud. The bank banned initial offerings of new digital...

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