Bitcoin exchange BTCChina says it will stop trading, sparking further slide

Section:

By Brenda Goh and Jemima Kelly
Reuters
Thursday, September 14, 2017

Chinese bitcoin exchange BTCChina said today that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month.

China has boomed as a cryptocurrency trading location in recent years as investors and speculators flocked to domestic exchanges that formerly allowed users to conduct trades for free, boosting demand.

But that has prompted regulators in the country to crack down on the cryptocurrency sector, in a bid to stamp out potential financial risks as consumers pile into a highly risky and speculative market that has seen unprecedented growth this year. ...

... For the remainder of the report:

http://www.reuters.com/article/us-china-bitcoin-btcc/bitcoin-exchange-bt...



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