BTCChina, the country’s first bitcoin exchange, gives up on the cryptocurrency amid Beijing’s tightening crackdown

Source: China – South China Morning PostBTCChina, which ran the first bitcoin exchange in China, said the company has exited the bitcoin business amid Beijing’s extensive crackdown on bitcoin mining that has firms across the country trying to distance themselves from the industry.The company said on Thursday that it has “completely exited from bitcoin-related businesses” and that it sold its stake in the Singapore-registered bitcoin exchange ZG.com to an unidentified foundation in Dubai in May 2020.BTCChina was founded in 2011 by…Read More

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