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Beijing crypto-currency exchanges told to announce trading stop by Friday: Securities Times
September 15, 2017 / 10:21 AM / 8 days ago

Beijing crypto-currency exchanges told to announce trading stop by Friday: Securities Times

A logo of Bitcoin is seen on an advertisement of an electronic shop in Tokyo, Japan September 5, 2017. REUTERS/Kim Kyung-Hoon

SHANGHAI (Reuters) - Chinese authorities have ordered Beijing-based crypto-currency exchanges to cease trading and to tell users by Friday about when trading will end, the Securities Times newspaper reported citing industry sources and a government notice.

The newspaper said the Beijing city regulator held talks with crypto-currency exchanges in the city on Friday.

It also cited another notice issued by a Beijing city group in charge of overseeing internet finance risks as saying exchanges must announce an immediate stop to new user registrations by Friday.

A source familiar with the notice told Reuters that the government order was authentic.

Reporting by Brenda Goh; Additional Reporting by Bi Xiaowen

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