Published on September 15th, 2017 | by bitcoin0
Bitcoin Crashes Yet Again After China Tries to Halt The Exchange-Bloomberg
Bitcoin tumbled, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of cryptocurrencies by the end of September.
Bitcoin dropped 9.3 percent to $3,077.55 at 9:22 a.m. in London, extending this week’s decline to 28 percent.
The notice suggests Chinese policy makers will move quickly on a previously reported plan to end exchange trading, their most far-reaching measure to rein in the growth of cryptocurrencies.
The digital currency tumbled on Thursday after BTC China, one of the country’s largest cryptocurrency venues, said it would stop handling trades by month-end.
The cryptocurrency ban will only apply to trading on exchanges, people familiar with the matter told Bloomberg on Monday.