Bitcoin exchange halts service after PBoC clampdown

Announcements from PBoC cause bitcoin exchange to halt specific services

A Bitcoin exchange in China has stopped a number of its services after the People's Bank of China (PBoC) said on January 11 it planned to investigate the country's three largest bitcoin exchanges.

BTC123 said it would stop accepting deposits for its Bitcoin trading platform from January 26. The company explained the move was in response to investigations launched by the Chinese central bank and other government agencies into virtual currency trading in China.

The Bitcoin exchange also said it

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