China’s Bitcoin Exchanges Pull Out of Summit After PBOC
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Several of China’s largest bitcoin exchanges pulled out of a planned global conference in Beijing this coming weekend after the central bank signaled further curbs on speculative trading of the virtual currency.
BTC China Co. said it and four other bitcoin trading platforms agreed to adopt stricter practices such as halting margin trading and short selling. They also agreed to not participate in bitcoin marketing conferences and gatherings, according to a statement posted yesterday on the website of BTC China, the oldest of the nation’s bitcoin operators.