All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says
Xu Yanyan
/SOURCE : Yicai
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