Chinese Bitcoin Miner HaoBTC is Shutting its Exchange after PBOC Measures

Chinese Bitcoin Miner HaoBTC is Shutting its Exchange after PBOC Measures

The still-ongoing fallout of events spurred on by the People Bank of China’s (PBOC) involvement in the country’s bitcoin trading market has led to HaoBTC – a bitcoin company known prominently as a mining pool – to shut down its lesser-known bitcoin exchange operation, launched in April 2016. HaoBTC was among the 9 bitcoin exchanges held to a closed-doors meeting by the PBoC on Thursday. A miner operating with 110 Petahash to control a little over 4% of bitcoin’s network, HaoBTC has announced the removal of its exchange service to its users. The mining pool, which also launched a Hashrate....


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