China’s Bitcoin exchanges said on Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down.
BEIJING (Reuters) – China&rsquo-s Bitcoin exchanges said on Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down.
Bitcoin fell sharply on Friday after Chinese financial publication Caixin reported that China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback.
The news follows China&rsquo-s move earlier this week to ban so-called &ldquo-initial coin offerings,&rdquo- or the practice of creating and selling digital currencies or tokens to investors in order to finance start-up projects.
Reuters was not immediately able to verify the report.
A spokeswoman for Beijing-based OK Coin said the platform has not received any notification from regulators.
Spokespersons at Beijing-based Huobi and Shanghai-based BTCC said they were still waiting for further official clarification.
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