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China to Ban Bitcoin Exchanges - ForexTVThe latest drop was set off by news of spot checks from Chinese regulators on local bitcoin exchanges.
Chinese bitcoin exchanges say awaiting clarification onBitcoin has come under pressure in recent weeks following negative headlines out of the UK and China.
BitBeat: Chinese Bitcoin Exchanges Weigh In on BitLicenseChinese Bitcoin exchanges are gearing up to resume cryptocurrency withdrawals following a video verification procedure.
As has been noted elsewhere, such products in China are often high-yielding and risky.Bitcoin prices plunged about 13 percent Thursday after one of the biggest exchanges in China said it will shut down its operation.Last week, Chinese authorities signaled that they would begin to crack down on Bitcoin exchanges and trading activity taking place in the country.
Chinese Bitcoin Exchanges Open Again For WithdrawalsThat means Chinese banks are not allowed to serve as custodians and hold client money for bitcoin exchanges, a practice that is commonplace for Chinese stock brokers.
China orders Bitcoin exchanges to shut down, resulting to a devastating blow to the current Bitcoin price performance.
Bitcoin Dives after Chinese Exchanges’ Halt in WithdrawalsBut two sources in direct contact with officials at three Chinese bitcoin exchanges - Beijing-based OKCoin, Shanghai-based BTC China, and Beijing-based Huobi.
Chinese Bitcoin Exchanges Face Stricter Regulation and
The exchanges also suspended bitcoin withdrawals, and only reactivated them about two months ago.The Chinese exchanges say they have halted some deposit services following talks with financial partners.BTCChina, one of the leading Bitcoin exchanges in China, is permanently shutting down, the company announced on Twitter.Bitcoin’s value took a tumble this week after the People’s Bank of China issued an official statement about its stance on the digital coin, knocking...
Bitcoin is currently trading at a discount on Chinese exchanges compared with their U.S.-based counterparts.BEIJING — A major Chinese exchange specializing in the trading of Bitcoin announced on Thursday that it would stop trading by the end of the month, amid.China is planning to shut down domestic bitcoin exchanges, according to the Wall Street Journal.