China's Cryptocurrency Crackdown: Is Bitcoin A Threat?

in cryptocurrency •  7 years ago 

In the last week, rumors had been swirling that Chinese regulators would shut down Bitcoin exchanges, and today, several cryptocurrency exchanges including BTCC, ViaBTC, Yunbi, OKCoin and Huobi were reportedly ordered to stop trading by the end of September. This comes just after China's Internet Finance Association stated on Wednesday that Bitcoin lacks a legal foundation.

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7 years ago by

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