ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more