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Bitcoin slides as China's central bank launches checks on exchanges Jan 11, 2017
 
<p><a href="http://news.yahoo.com/chinas-central-bank-launches-spot-checks-bitcoin-exchanges-104230667--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/05xNlkXfjkw1QH5aYvFXoQ--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PTEzMA--/http://media.zenfs.com/en_us/News/Reuters/2017-01-11T104230Z_1006950001_LYNXMPED0A0JK_RTROPTP_2_CBUSINESS-US-CHINA-BITCOIN.JPG" width="130" height="86" alt="A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district" align="left" title="A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district" border="0" /></a>SHANGHAI/LONDON (Reuters) - China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar. The People's Bank of China (PBOC) said its probe of bitcoin exchanges BTCC, Huobi and OKCoin was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorized financing. Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on the yuan.</p><br clear="all"/>
 
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