Several of China's major bitcoin exchanges have altered or suspended their lending-based bitcoin trading services.
CoinDesk has spoken to bitcoin traders and industry representatives in China to gain some clarity on the changes made.
The moves appear to affect margin lending operations at BTCC, OKCoin and Huobi, although only BTCC has officially confirmed this.
BTCC CEO Bobby Lee acknowledged that his firm had received 'informal guidance' from the People's Bank of China. However, it is unclear whether the changes are in response to complaints about the marketing practices, or with the lending service itself. It is also uncertain if the changes are temporary or permanent.
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Happy Friday 13th! It's a holiday in the US on Monday, so the Daily email will be taking a break. We're back on Tuesday, though, and the Weekly will be coming out as usual on Sunday.
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