Tuesday
September 12
2017

China to Shut Bitcoin Exchanges

Chinese authorities are preparing to shut down the country’s bitcoin exchanges, according to people familiar with the matter, reflecting a growing unease with the virtual currency and its recent surge in value.

The policy shift in the world’s No. 2 economy shows how nations are wrestling with bitcoin and its place in the financial system.

Photo courtesy of Christian Ditaputratama.

Source: Wall Street Journal (link opens in a new window)

Categories
Technology
Tags
bitcoin, blockchain, cashless, China, cryptocurrency, virtual currency