SHANGHAI/BEIJING: China's largest bitcoin exchanges are still awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday. BTC China, also one of China's three largest exchanges, and China's central bank did not immediately respond to Reuters' requests for comment. Bitcoin was trading lower by around 1.9 per cent at US$4,144 on the Bitstamp platform on Monday. Bitcoin is currently trading at a discount on Chinese exchanges compared with their U.S.-based counterparts. A China-based cryptocurrency investor, however, said he was doubtful that Chinese authorities could completely suppress cryptocurrency trading.

Source: New Strait Times September 11, 2017 14:15 UTC