China is shutting down domestic Bitcoin exchanges

China plans to shut down domestic Bitcoin exchanges, anonymous sources told The Wall Street Journal today. The sources said that regulators weren’t giving a clear message on when the shutdown would occur. One regulator told an exchange that the decision had already been made, while another said the decision might take a few months. In response to the news, the Bitcoin prices have dipped to a low of $4,108, according to CoinDesk.China is home to vast and lucrative cryptocurrency mining oper