05 Dec '13, 8am

China Bans Financial Companies From Bitcoin Transactions

China Bans Financial Companies From Bitcoin Transactions

China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country. Bitcoin isn’t a currency with “real meaning” and doesn’t have the same legal status as a currency, the People’s Bank of China said. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. An unregulated digital currency may pose a threat to China’s capital controls. Regulatory oversight may restrain demand for Bitcoin in China, which exchange operator BTC China said has become the world’s biggest trader with more than half of global volumes. The surge in Bitcoin has spurred investor protection concerns and prompted former Federal Reserve Chairman Alan Greenspan to call it a “bubble.” Prices plunged after the...

Full article: http://www.bloomberg.com/news/2013-12-05/china-s-pboc-ban...

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Bitcoin Price Crashes as China Outlaws Bitcoin for Financial Institutions

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coindesk.com 05 Dec '13, 10am

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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 ...

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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 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...

#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 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...

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...

Bitcoin trade ban for Chinese banks

Bitcoin trade ban for Chinese banks

bbc.co.uk 05 Dec '13, 2pm

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'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...

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mashable.com 05 Dec '13, 2pm

Welcome to this morning's edition of "First To Know ," a series in which we keep you in the know on what's happening in th...

China central bank warns banks against use of bitcoin

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

in.reuters.com 05 Dec '13, 8am

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

BITCOIN CRASHES

businessinsider.com 05 Dec '13, 9am

Bitcoin prices have fallen by roughly $150 this morning. Earlier today, the People's Bank of China warned that the controv...

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usatoday.com 05 Dec '13, 10am

Bitcoin tokens in Sandy, Utah. (Photo: Rick Bowmer, AP) Story Highlights Fears of a Bitcoin bubble China bans financial in...

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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...

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myaccount.nytimes.com 06 Dec '13, 5am

Log in to manage your products and services from The New York Times and the International New York Times. Don't have an ac...