China’s largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic weibo huobi bitcoin, but markets were largely subdued on Monday. China’s largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

A source with knowledge of the policy confirmed to Reuters that China planned to ban exchanges that allowed virtual currency trading. BTC China, also one of China’s three largest exchanges, and China’s central bank did not immediately respond to Reuters’ requests for comment. Bitcoin was trading lower by around 1. Arthur Hayes, chief executive of crypto-currency trading platform BitMEX, adding that the relatively subdued fall in the bitcoin price illustrated how opinion in the community towards the Caixin article was divided. 4,000, or the price of the U. China has boomed as a cryptocurrency trading venue in recent years as its domestic exchanges had previously allowed users to conduct trades for free, attracting investors and speculators who boosted demand and encouraging volumes. However, regulators started taking a closer look at the industry in January this year and have since rolled out a series of rules for the industry including forcing exchanges to slap on trading fees and requiring them to strengthen oversight of customers’ identities.