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China bitcoin firms warn New York on regulation

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Three of the biggest bitcoin exchanges in China teamed up on Thursday to release a joint letter addressed to New York regulators, warning them that proposed rules for the digital currency will have far-reaching consequences.

China economy grows 7.5% in the second quarter

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China's economy grew 7.5 percent in the second quarter from the year-ago period, beating a broad consensus estimate of 7.4 percent and coming after the 7.4 percent expansion in the first quarter.

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