Bit­coin ex­changes sus­pend trans­fers af­ter PBOC or­der

China Daily (Canada) - - BUSINESS -

BTC China and OKCoin, two of China’s largest bit­coin ex­changes, sus­pended some money trans­fer ser­vices, af­ter it was re­ported that the cen­tral bank tight­ened con­trols on the dig­i­tal cur­rency. Bit­coin prices plunged al­most 10 per­cent onMarch 27 af­ter the fi­nan­cial pub­li­ca­tion Caixin re­ported that the People’s Bank of China had or­dered banks and pay­ment com­pa­nies to close the trad­ing ac­counts of more than 10 ex­changes. deal are con­tin­u­ing, and the com­pany hopes to com­plete the trans­ac­tion this year. Tian­jinMa­te­ri­als & Equip­ment Group Corp agreed in Septem­ber to buy a 16.5 per­cent stake in the Tonko­lili mine in a deal valu­ing the oper­a­tion at $6 bil­lion. chemical park of Fuling in South­west China’s Chongqing mu­nic­i­pal­ity, said a re­lease by Sinopec Group on Thurs­day. The plant is to be built in three phases by Chongqing Sinopec Tonghui En­ergy Co Ltd, a joint ven­ture of Sinopec Corp, Chongqing Trans­port Group and Chongqing Gas Group. counts China as its big­gest mar­ket, said it will re­call 232,098 ve­hi­cles in the coun­try for a de­fec­tive bolt de­sign. BMWwill re­call 138,534 im­ported sedans, while its Chi­nese joint ven­ture will call back 93,564 ve­hi­cles, ac­cord­ing to a state­ment posted on the China Gen­eral Ad­min­is­tra­tion of Qual­ity Su­per­vi­sion, In­spec­tion and Quar­an­tine web­site onWed­nes­day. Shares of its part­ner, Bril­liance China Au­to­mo­tiveHold­ings Ltd, fell.

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