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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBitcoin tumbles on report China to shutter digital currency exchanges
NEW YORK (Reuters) - Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback.
Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that authorities plan to shut key bitcoin exchanges in China.
Reuters was not immediately able to verify the report. But two sources in direct contact with officials at three Chinese bitcoin exchanges - Beijing-based OKCoin, Shanghai-based BTC China, and Beijing-based Huobi - said the platforms told them that they have not heard anything from the Chinese government.
The news follows Chinas move earlier this week to ban so-called initial coin offerings, or the practice of creating and selling digital currencies or tokens to investors in order to finance start-up projects.
Read more: http://www.reuters.com/article/us-bitcoin-china/bitcoin-tumbles-on-report-china-to-shutter-digital-currency-exchanges-idUSKCN1BJ1US
brush
(53,467 posts)T bills? Yes
Civil service job? Yes
Derivatives and options? No
Starting a restaurant? No
brush
(53,467 posts)wasupaloopa
(4,516 posts)It's like some religion or something with a phony dogma.
If only enough people would believe then we could really have something.