China’s central bank probes Bitcoin exchanges in Beijing and Shanghai

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Published on 11 Jan 2017, 14:22
China's central bank launched spot checks on major bitcoin exchanges in Beijing and Shanghai on Wednesday, knocking the price of the cryptocurrency down by 15 percent. This probing of bitcoin exchanges include BTCC, Huobi and OKCoin, meaning to look into possible rule violations like market manipulation, money laundering, and unauthorized financing. However, no specific violations have been found.

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