Bitcoin price drops after china plans crackdown on the digital currency

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency.

Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation.

Bitcoin’s price fell 7 percent midafternoon Friday after the news, according to Coindesk market data.

Source: https://www.cnbc.com/2017/09/08/bitcoins-price-tanks-after-report-china-plans-further-crackdown.html

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