One of China’s biggest bitcoin exchanges says it will end trading after news reports regulators have ordered all Chinese exchanges to close.
BEIJING — One of China’s biggest bitcoin exchanges says it will end trading after news reports regulators have ordered all Chinese exchanges to close caused the price of the digital currency to plunge.
BTC China said on its website it will „stop all trading business“ on Sept. 30. The exchange said it was acting „in the spirit of“ a central bank ban last week on initial coin offerings but gave no indication it received a direct order to close.
The central bank has not responded to questions about the currency’s future in China.
There was no immediate word from other Chinese bitcoin exchanges about their plans.
Bitcoin’s value tumbled 15% on Thursday to about $3,300.
