05 Dec '13, 8am

China's

By John Ruwitch and Pete Sweeney SHANGHAI Dec 5 (Reuters) - China's government banned financial institutions from trading in bitcoin on Thursday, in what analysts said was a restrained first step towards regulating the digital currency that has exploded in popularity in China and soared in value in recent months. A statement by the central bank and four other agencies said that, while the computer-generated currency does not yet pose a threat to China's financial system, it carries risks. It did not, however, curtail the use of bitcoin by individuals. "I think it's measured and it's positive," said Zennon Kapron, of the financial consultancy Kapronasia. "It does add legitimacy to the idea that it could be a nationwide accepted currency." The value of bitcoins on Chinese exchanges fell after the announcement, however, with one expert predicting the price could halve in the ...

Full article: http://www.reuters.com/article/2013/12/05/china-bitcoin-i...

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npr.org 05 Dec '13, 2pm

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rt.com 05 Dec '13, 9am

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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 central bank warns banks against use of bitcoin

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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...

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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 trade ban for Chinese banks

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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...

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usatoday.com 06 Dec '13, 12am

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