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China bans bitcoin exchanges as initial coin offering crackdown continues

As an extension of its recent crackdown on initial coin offerings, the Chinese central government has decreed a ban on bitcoin exchanges. In an unexpected move, the Central Bank of China ruled that all companies dealing in cryptocurrencies, not only bitcoin, will no longer be legal in what has been described as a ban on “virtual currency trading services.” […] The post China bans bitcoin exchanges as initial coin offering crackdown continues appeared first on SiliconANGLE.
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