Authorities to ban commercial trading of all virtual currencies. 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 platform for providing virtual currency tradeing .
Source: https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
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