NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, September 12, 2017

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.