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Monday, 11/13/2017 8:33:09 AM

Monday, November 13, 2017 8:33:09 AM

Post# of 1815
Bitcoin proves hard to kill in China

Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.

Observers feared the closure of Chinese exchanges would lead to a sharp drop in demand for bitcoin, given China has been a key source of demand. Instead, more of the buying and selling of cryptocurrencies has gravitated towards the private over-the-counter market.

https://www.ft.com/content/d576e4e4-c374-11e7-a1d2-6786f39ef675

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