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    HomeNewsWorldChina central bank to keep up spot checks on bitcoin exchanges

    China central bank to keep up spot checks on bitcoin exchanges

    The People's Bank of China (PBOC) this month launched spot checks on BTCC, Huobi and OkCoin, to identify a range of possible rule violations, as the government steps up efforts to stem capital outflows and relieve pressure on the yuan currency.

    January 25, 2017 / 15:20 IST
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    China's central bank will continue to conduct spot investigations on bitcoin exchanges, its Beijing head office said on Wednesday, in a statement on its website.

    The People's Bank of China (PBOC) this month launched spot checks on BTCC, Huobi and OkCoin, to identify a range of possible rule violations, as the government steps up efforts to stem capital outflows and relieve pressure on the yuan currency.

    first published: Jan 25, 2017 03:20 pm

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