By Bloomberg News, businessweek.com
Chinese Bitcoin exchanges said domestic banks closed their accounts after the nation’s central bank barred financial institutions from handling transactions in the virtual currency to curb risk.
BtcTrade said on its website yesterday that an Agricultural Bank of China Ltd. (601288) sub-branch in Hangzhou will close its account by April 15 if it continues to use it for Bitcoin-related settlement services. Huobi.com said Industrial & Commercial Bank of China Ltd. will close its account by April 18 and Btc100.org said it received a notice from an unidentified lender to cancel its account.
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