• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 113
    BJP 110
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

China orders bitcoin exchanges to shut down, say reports

By: | Published: September 14, 2017 5:15 PM

Two Chinese business newspapers say regulators in Shanghai, the country's financial center, have ordered exchanges that trade the cyber currency bitcoin to shut down.

bitcoins, china bitcoins, chinese economy, chinese industry, china news, cyber currency bitcoin, online bitcoin, economy newsChina was one of the world’s biggest markets for bitcoin but trading volume has declined as regulators tightened controls. (Reuters)

Two Chinese business newspapers say regulators in Shanghai, the country’s financial center, have ordered exchanges that trade the cyber currency bitcoin to shut down. China Business News and 21st Century Economic Report said Thursday regulators gave verbal instructions to operators of platforms to close but gave no other details. That followed a report last week by a business news magazine, Caixin, that regulators had ordered a halt to trading.

The Chinese central bank has not responded to questions about the future of bitcoin in China but last week banned initial offerings of new cyber currencies. Central bank officials have warned that bitcoin trading could be associated with fraud. China was one of the world’s biggest markets for bitcoin but trading volume has declined as regulators tightened controls.

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