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It’s happening: One of the largest Bitcoin exchanges in China is shutting down

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BTCChina, one of the leading Bitcoin exchanges in China, is permanently shutting down, the company announced on Twitter. 

The news come after a few weeks of rumors that China will ban all cryptocurrency exchanges in the country. The rumors were never officially confirmed, and major exchanges in the country—including BTCChina—initially said they hadn't received any official directives from the authorities. 

It's not clear what has changed in the meantime, but BTCChina has now announced it will stop all trading on September 30. The company said some of its products, such as the BTCC mining pool, will remain operational.  Read more...

More about Bitcoin, Cryptocurrencies, Bitcoin Exchange, Btcc, and Btcchina

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