Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Finance Cryptocurrency dealers and online lenders feel heat in China Bitcoin plunges on reported moves to close digital currency exchanges Exchanges dealing in bitcoin and other virtual currencies are facing a clampdown ahead of a Chinese Communist Party congress in October, according to a report by business news provider Caixin.
YUSHO CHO, Nikkei staff writer September 10, 2017 00:30 JST | China
SHANGHAI -- China is scrambling to minimize risks to its financial system ahead of a key Communist Party congress in October, at which new leaders will be selected.
On Friday, Caixin, a Chinese business news outlet, reported that financial authorities have decided to shut down virtual currency exchanges.
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