19 Jan 2017
The business management division of the People’s Bank of China (PBOC) has reportedly released the results of a previously announced inspection of domestic bitcoin trading platforms.
In reports today, the central bank is said to have found irregularities in the operations of major bitcoin exchanges BTCC, Huobi and OKCoin that it believes were the cause of abnormal fluctuations in the price of bitcoin.
Specifically, the report concludes that the companies were found to be carrying out margin trading activities, though no details on any punishments were issued.
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet