China’s Central Bank Points to ‘Irregularities’ in Bitcoin Exchanges
Reports coming out of Chinese media today have put the spotlight on irregularities in the operations of major bitcoin exchanges, according to reported claims from the People’s Bank of China (PBOC). These operational irregularities in financial business practices led to abnormal fluctuations in the market, as discovered by the authority’s business management department during the recent on-site checks conducted by the PBOC. According to a report on JF Daily, a preliminary inspection by the Shanghai branch of the PBOC supposedly showed that BTCChina had operated beyond the scope of its....
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