Fake currency: China orders bitcoin exchanges to shut downStaff Writer | September 15, 2017
Regulators have ordered Chinese bitcoin exchanges to close, two business newspapers reported, after uncertainty about the digital currency's future in China caused its price to plunge.
Bitcoin Might be linked to fraud
They gave no other details.
The central bank has yet to respond to questions about bitcoin's future in China but earlier warned it was traded without regulatory oversight and might be linked to fraud.
The bank banned initial offerings of new digital currencies last week. ■