iGaming Business – The value of Bitcoin has slumped after reports emerged that China has taken action to restrict trading in the virtual currency. According to the BBC, BTC China, the country’s first Bitcoin and Chinese Yuan trading platform, said that local payment companies had been blocked from providing it with clearing services, meaning it can no longer accept Yuan-based deposits. Bitcoin value fell as a result of the reports with one Bitcoin trading for as low as Y2,560 (€308.4/$421.6), a significant drop on the all-time high of Y7,588 recorded in November of this year. Virtual currency exchanges in China…