China Exchanges Resume Allowing Bitcoin Withdrawals - News Summed Up

China Exchanges Resume Allowing Bitcoin Withdrawals


BEIJING—Bitcoin exchanges in China are again allowing withdrawals of the virtual currency, having upgraded their systems in response to heightened government scrutiny. It ends a three-month moratorium that began shortly after regulators launched an investigation into the exchanges and as they threatened to shut down ones that skirt the rules. Authorities were concerned bitcoin could be used to bet on a decline in the Chinese yuan,...


Source: Wall Street Journal June 05, 2017 10:34 UTC



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