SHANGHAI: China’s central bank launched spot checks on major bitcoin exchanges in Beijing and Shanghai, knocking the price of the cryptocurrency down by more than 6%.
The probe of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorised financing, the People’s Bank of China (PBoC) said. It did not say if any violations had been found.
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