Bit­coin ex­change to end trad­ing

The Maui News - - NEWS -

BEI­JING — One of China’s big­gest bit­coin ex­changes says it will stop trad­ing at the end of the month fol­low­ing re­ports that reg­u­la­tors have or­dered all Chi­nese ex­changes for the dig­i­tal cur­rency to close.

BTC China said on its web­site that it was act­ing “in the spirit of” a cen­tral bank or­der last week that banned ini­tial coin of­fer­ings. It gave no in­di­ca­tion it had been di­rectly or­dered to close.

In­ter­est in China in bit­coin surged last year as the cur­rency’s price rose. But trad­ing dwin­dled af­ter reg­u­la­tors tight­ened con­trols and warned that the cur­rency might be linked to fraud.

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