Shanghai-based BTCC said it would halt trading on its domestic cryptocurrency exchange by Sept. 30, in response to tighter control over trading crypto tokens by China’s central bank. This followed a report from local media (in Chinese) saying that the exchange had received a verbal notice to halt trading from Shanghai’s financial regulator.
Read the full story at https://qz.com/1077545/bitcoin-btc-price-is-down-because-btcc-is-closing-its-china-exchange/
SOURCE: Quartz Media
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