MEDIA-PBOC branch finds "hidden risks" in bitcoin exchange BTCC – EID – Daily Mail


Reuters

— The Shanghai branch of China’s central bank has found “hidden risks” in bitcoin exchange BTCC, the state-run Economic Information Daily (EID) reported, after a probe into several platforms of the cryptocurrency was launched earlier this month. Citing an unnamed senior bank official, the newspaper said initial investigations suggested BTCC was carrying out business beyond its scope and engaging in improper financing services.

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