Chinese Regulators Investigating Bitcoin Investments

Chinese regulators are investigating investment in the cryptocurrency bitcoin as its price is reporting high correlation with the value of the Chinese yuan; according to data from bitcoinity.org, yuan transactions have also accounted for 98% of bitcoin’s trading in the past six months; regulators have met with bitcoin exchanges to monitor investment activity; they have also requested that the exchanges do not market the yuan’s devaluation as an investment incentive; investors have reported that transaction volumes are limited to a few hundred thousand yuan.  Source

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