Bitcoin exchanges suspend transfers after PBOC order
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.