05 Dec '13, 7pm

Bitcoin Gets Slammed by China as BofA Touts its Potential

Bitcoin Gets Slammed by China as BofA Touts its Potential

Following massive interest that has seen Bitcoin 's value increase more than 7,000 percent since the beginning of the year, China's central bank has forbidden financial companies from processing Bitcoin-related transactions. Chinese regulators are reportedly considering rules that would govern the behavior of online Bitcoin exchanges. In a statement on its website, the People's Bank of China said that Bitcoin does not have legal status as a currency and should not be used as such, though it can be traded as a commodity. While individuals are still free to purchase and exchange the digital currency, the Chinese government is prohibiting financial firms and payment companies from buying or selling it, storing it or issuing Bitcoin-related financial products. China strictly regulates its national currency, the yuan, but digital currencies provided a backdoor for currency spec...

Full article: http://www.entrepreneur.com/article/230254

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Bitcoin Market Gets a Lift From China

online.wsj.com 04 Dec '13, 8pm

BEIJING—Chinese demand has helped fuel a boom in the virtual currency called bitcoin. But even as prices reach new highs, ...

Bank of America: Bitcoin Has Clear Potential for Growth

Bank of America: Bitcoin Has Clear Potential fo...

coindesk.com 05 Dec '13, 3pm

Bank of America has become the first US bank to talk openly about bitcoin, having issued a client note stating that the di...

#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 ...

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...

In the murky world of Bitcoin, there are few ru...

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...

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 ...

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...

China, Bank of America weigh in on Bitcoin - US...

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...

Bitcoin’s roller-coaster ride gets wilder as Wall Street, China climb on by @dangoodin001

Bitcoin’s roller-coaster ride gets wilder as Wa...

arstechnica.com 05 Dec '13, 10pm

Enlarge / Merrill Lynch analysts believe Bitcoin's recent price run-up could be justified. Mt Gox via Bitcoincharts.com Bi...

Bitcoin Back Over $1K After Chinese Ban, BofA Comments, And Greenspan Mockery

Bitcoin Back Over $1K After Chinese Ban, BofA C...

techcrunch.com 05 Dec '13, 6pm

It’s been a rough day for Bitcoin. China slapped a ban on it, Bank of America said it is “at risk of running ahead of its ...

China Bans Financial Companies From Bitcoin Transactions

China Bans Financial Companies From Bitcoin Tra...

bloomberg.com 05 Dec '13, 8am

China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual curr...

Bitcoin Prices Tumble on China Fears

online.wsj.com 07 Dec '13, 12am

Bitcoin prices tumbled almost 13% Friday after an affiliate of China's biggest Internet search company stopped accepting p...

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 feeds bitcoin frenzy

edition.cnn.com 05 Dec '13, 2am

"We think it's because bitcoin presents itself as a new asset class, albeit digital in nature. And given China is a countr...

Bitcoin Price Crashes as China Outlaws Bitcoin for Financial Institutions

Bitcoin Price Crashes as China Outlaws Bitcoin ...

coindesk.com 05 Dec '13, 10am

The price of bitcoin fell by $300 this morning after China’s central bank warned financial institutions to steer clear of ...