Cryptocurrency exchanges Huobi and OKCoin are closing their subsidiaries in Beijing, as China expands its crack down; shares of Huobi’s parent drop ~22% (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post:
Cryptocurrency exchanges Huobi and OKCoin are closing their subsidiaries in Beijing, as China expands its crack down; shares of Huobi’s parent drop ~22%  —  The latest moves by Huobi and OKCoin follow the central government’s actions against businesses related to bitcoin and other cryptocurrencies BTCChina …