SHANGHAI (Reuters) – A senior executive at China’s state-backed internet finance body said on Friday “stateless” digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of “legal” digital currencies.

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SHANGHAI (Reuters) – A senior executive at China’s internet finance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin.

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SHANGHAI (Reuters) – A senior executive at China’s internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on virtual tender such as bitcoin.

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BEIJING/SHANGHAI/LONDON (Reuters) – Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month.

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LONDON (Reuters) – Bitcoin slid by more than 10 percent on Wednesday, as investors sold the cryptocurrency after a warning by JPMorgan Chief Executive Jamie Dimon that it “is a fraud” and will eventually “blow up”.

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