Bitcoin was down 5.68% at $US4,376 a coin yesterday following a Caixin report suggesting the China is going to shut down domestic exchanges.
Two of China’s largest bitcoin exchanges, Okcoin and Huobi, say they haven’t received any such notices, according to a tweet from Bloomberg’s Lulu Yilun Chen.
On Monday, Beijing announced it was banning initial coin offerings, a cryptocurrency-based fundraising method. In February, China blocked customers from withdrawing their bitcoin. They were eventually allowed to resume withdrawals in June.
Bitcoin is up 355% in 2017.
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