China bitcoin exchange says no govt pressure on outflows
Shanghai
THE head of a major bitcoin exchange in China says few people there use the crypto currency to get around rules on how much money they can take out of the country, and despite a publicised meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows.
Bitcoin's price took a steep dive on Friday after China's central bank cautioned investors to take a rational and careful approach to investing in the digital currency. The price had surged to record highs.
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