China's central bank plans to continue scrutinizing domestic bitcoin exchanges.
According to the PBoC, that scrutiny will continue via additional on-site inspections.
The central bank said in a translated statement:
The statement also included a warning to investors, who the central bank said "should pay attention to bitcoin platform transactions, such as legal compliance, market volatility, financial security and other risks".
The PBoC’s statement comes amid a sea change within the country’s exchange ecosystem.
As put by Beijing-based over-the-counter trader Zhao Dong:
"Bitcoin liquidity in China is much, much weaker than before."
PBoC image via Shutterstock
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