Chinese Bitcoin startup stops due to Central Bank concerns

A long-running bitcoin investment platform is shifting gears in light of new regulatory scrutiny in China. BTC123, established in 2011, announced today that it would halt deposits for a financial management system denominated in bitcoin and the yuan beginning on 26th January. The company is also retooling an interest-generating feature on the site, lowering rates that users can earn effective tomorrow. Read more: www.coindesk.com