China to Shut Bitcoin Exchanges

in #bitcoin3 years ago

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BEIJING—Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago.

The country’s central bank has led a draft of instructions that would ban Chinese platforms from providing virtual currency trading services, according to people familiar with the matter. The move comes after...

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No sources cited? I've not heard any news coming out directly from the Chinese central bank?

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I made a post about it too. I couldn't find any source other than twitter and newspaper. Other exchanges say it is still not official, there are still no regulations from the people's bank of china nor from the government.

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