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China mulls limiting bitcoin transactions to curb outflows

Published Thu, Nov 3, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Beijing

CHINA'S regulators are studying measures to limit transactions that use bitcoins to take funds out of the country, according to people familiar with the matter.

Officials are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms outside the nation and imposing quotas on the amount of bitcoins that can be sent abroad, the people said.

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