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Chinese Bitcoin Exchange BTCC to Suspend “All Trading” on Sep 30

Last Updated
Samburaj Das
Last Updated

In significant news coming out of China, one of the country’s “big three” exchanges, BTCC, has announced it will stop trading of cryptocurrencies this month.

Shanghai-based BTCC wrote on social media :

After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina will stop all trading on 09/30.

The cryptocurrency exchange, one of the earliest trading platforms in China and the world, added  that other products and services, including mining operation BTCC Pool will not be affected by the change.

On September 4, the People’s Bank of China, China’s central bank, announced a sweeping blanket ban on all initial coin offerings (ICOs), a radical new form of fundraising facilitated by cryptocurrencies.

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    Samburaj is Editor of CCN.com, one of the earliest and foremost publications covering blockchain, and financial technology news. Now focusing on Markets, Showbiz, Sports, and Gaming. He has authored over 2,000 articles for CCN.com. Reach him at [email protected]. Visit his LinkedIn profile here .
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