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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.

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first published: Jan 25, 2017 03:20 pm

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