China to Shut Bitcoin Exchanges馃槼

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Authorities to ban commercial trading of all virtual currencies. BEIJING鈥擟hinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago.

The country鈥檚 central bank has led a draft of instructions that would ban Chinese platform for providing virtual currency tradeing .