05 Dec '13, 8am

China central bank warns banks against use of bitcoin

China central bank warns banks against use of bitcoin

BEIJING (Reuters) - China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks. The central bank also said in a statement on its website that it would act to prevent money laundering risks from bitcoin, a prominent digital currency that is not backed by a government or central bank. Bitcoins, and other computer-generated virtual currencies like it, have seen their relative values rise to historic highs in recent months as speculators have piled into the currency. While there is no official data available, bitcoin market operators say Chinese nationals are major participants in the market and hold an outsized share of the total number of bitcoins in circulation. As such they have been heavily covered in domestic media, includi...

Full article: http://in.reuters.com/article/2013/12/05/china-bitcoin-id...

Tweets

China central bank warns banks against use of bitcoin

China central bank warns banks against use of b...

cnbc.com 05 Dec '13, 8am

Getty Images China's central bank warned on Thursday that financial institutions should not trade the digital currency bit...

China’s central bank says it doesn’t recognize ...

thenextweb.com 05 Dec '13, 9am

Crypto-currency Bitcoin has been making headlines in China recently, especially in the aftermath of BTC China overtaking J...

#Bitcoin has ‘no legal status’ – China Central Bank

#Bitcoin has ‘no legal status’ – China Central ...

rt.com 05 Dec '13, 9am

China warns banks to avoid bitcoin Published time: December 05, 2013 09:03 Edited time: December 05, 2013 11:52 Get short ...

China Warns Of Bitcoin Risks And Tells Financial Institutions Not To Trade It

China Warns Of Bitcoin Risks And Tells Financia...

businessinsider.com 05 Dec '13, 8am

BEIJING (Reuters) - China's central bank warned on Thursday that financial institutions should not trade the digital curre...

#bitcoin

online.wsj.com 05 Dec '13, 9am

Central bankers and regulators around the world are ratcheting up warnings about bitcoin, as prices of the virtual currenc...

China Bars Banks From Using Bitcoin

nytimes.com 05 Dec '13, 2pm

The action comes as monetary authorities around the world have begun to confront the issue of Bitcoin, a virtual currency ...

China warns banks against using Bitcoin

engadget.com 05 Dec '13, 3pm

We're pretty sure no Government is entirely thrilled at the idea of Bitcoin , but China's now made its feelings very expli...

China's central bank warns financial institutio...

venturebeat.com 06 Dec '13, 9am

China central bank People’s Bank, Chinese Ministry of Industry and Information Technology, and another three authorities i...

China's

reuters.com 05 Dec '13, 8am

By John Ruwitch and Pete Sweeney SHANGHAI Dec 5 (Reuters) - China's government banned financial institutions from trading ...

Bitcoin price tumbles after warning from Chinese central bank

Bitcoin price tumbles after warning from Chines...

theguardian.com 05 Dec '13, 12pm

The Chinese central bank has warned the country's financial institutions not to trade in bitcoin, saying that the digital ...

China Bans Bitcoin Trading By Banks

China Bans Bitcoin Trading By Banks

npr.org 05 Dec '13, 2pm

Enlarge image i Chinese banks cannot trade in Bitcoins, the digital currency that doesn't recognize international boundari...

Bitcoin value dives after China banks ban

Bitcoin value dives after China banks ban

aljazeera.com 05 Dec '13, 4pm

The value of Bitcoins, the virtual currency that has soared in recent months and made fortunes for some, plunged after Chi...

Bitcoin trade ban for Chinese banks

Bitcoin trade ban for Chinese banks

bbc.co.uk 05 Dec '13, 12pm

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

China bans banks from doing business in #bitcoin.

wired.com 06 Dec '13, 12am

Over the past two months, China has become world’s most enthusiastic Bitcoin market, and the country’s central bank has ta...

China Says Banks Can't Do Business in Bitcoin

wired.com 05 Dec '13, 8pm

Over the past two months, China has become world’s most enthusiastic Bitcoin market, and the country’s central bank has ta...