All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says

All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says中文

Xu Yanyan

Date: Thu, 09/14/2017 - 16:40 / Keywords: financial regulation, Blockchain Technology, Cryptocurrency Trading, Bitcoin
All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says
All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says

(Yicai Global) Sept. 14 -- Chinese authorities have decided that the trading activities of all cryptocurrency trading platforms shall be suspended soon and closed thereafter, a source exclusively told Yicai Global today.

Regulators have decided the fate of cryptocurrencies such as bitcoin in China, said the source, who is close to a regional government office responsible for fintech industry regulation overhaul.

The price of bitcoin dropped below CNY19,000 on Btcchina.com today.

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Keywords: financial regulation, Blockchain Technology, Cryptocurrency Trading, Bitcoin