5 Dec 2013

China bans banks from trading in Bitcoin

Author: unsanktax | Filed under: News

The price of bitcoins may be soaring, but China isn’t too thrilled with the virtual currency. On Thursday, the nation moved to regulate use of bitcoins, stating that its financial institutions could not deal in the virtual currency. ”The bitcoin is a special kind of virtual product, it does not have the same legal status as a currency,” authorities said in an online posting

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China bans banks from trading in Bitcoin

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