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3/17/2017, 7:50 AM (Source: TeleTrader)
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China tightening rules for bitcoin trading, report says

The mostly watched digital currency is coming under stricter control by the government in Beijing, as it is preparing a rule for exchange operators to register the identity of traders, the Wall Street Journal reported on Friday, citing unnamed sources. An upgrade in security systems for bitcoin trading comes on top of the recent introduction of fees to curb speculation and measures to rein in money laundering and illegitimate capital outflows. Market operators will be obligated to report indications of foul play to China's authorities, the article adds.

The bitcoin dropped 4.05% to $1,128.33 at OKCoin at 7:47 am CET, the lowest in six days. At the same time, the cryptocurrency traded 1.35% down at 7,654.99 yuan at BTCChina. One coin bought €1,024.979 at Kraken at 7:33 am CET, 4.58% lower in the session.

Breaking the News / IT