Sep 18, 2017 06:57 PM

FINANCE

Regulatory Vortex Intensifies Over Virtual-Currency Exchanges

By Liu Xiao and Wu Yujian

Major cryptocurrency exchange platforms OKCoin and Huobi will halt all their respective cryptocurrency exchange businesses by Oct. 31. Photo: Visual China

Major cryptocurrency exchange platforms OKCoin and Huobi will halt all their respective cryptocurrency exchange businesses by Oct. 31. Photo: Visual China

The regulatory storm continues battering China’s fledging virtual-currency sector.

Over the weekend, major cryptocurrency exchange platforms OKCoin and Huobi said they will halt operations by Oct. 31. Together with BTC China, which announced its Sept. 30 closure on Friday, the country’s three largest blockchain-backed currency exchanges will soon all shutter.

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