06 Dec '13, 7pm

#China

#China

after the People’s Bank of China issued an official statement about its stance on the digital coin, knocking the cryptocurrency’s value down into the $800s after lofty $1200 highs. China has been largely responsible for Bitcoin’s dramatic 500% rise in value over the last month, with yuan dominating the trading markets, according to the Genesis Block . China’s government evidently felt that the cryptocoin was getting too hot to ignore. In a statement Thursday, the People’s Bank of China and four other ministries and agencies announced that banks and payment companies were prohibited from dealing with the coin, but that the country’s citizens are still free to buy and sell it. So what does that mean for Bitcoin, and Bitcoin businesses, in China?

Full article: http://www.forbes.com/sites/kashmirhill/2013/12/06/bitcoi...

Tweets

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 ...

So, Bitcoin Is Crashing via @HuffPostTech

huffingtonpost.com 06 Dec '13, 8pm

Well, it had to happen some time: Bitcoin is crashing. The price of the crypto-currency tumbled nearly 21 percent on Frida...

Bitcoin stumbles as Chinese government tells banks to stay away from it

Bitcoin stumbles as Chinese government tells ba...

gigaom.com 05 Dec '13, 10am

Bad news for Bitcoin: the Chinese government has warned the country’s banks off trading in it, arguing that Bitcoin has a ...

Bitcoin: China’s New Special Economic Zone -

Bitcoin: China’s New Special Economic Zone -

bitcoinmagazine.com 07 Dec '13, 5pm

After the recent regulatory announcement on the part of the People’s Bank of China, the Bitcoin markets and many in the Ch...

BREAKING: Chinese government says Bitcoin cannot be used as currency

BREAKING: Chinese government says Bitcoin canno...

techinasia.com 05 Dec '13, 9am

This afternoon, China’s central bank and five other government ministries announced Bitcoin is not money, and it should no...

Why Saab's Chinese Electric Vehicles Are Not Real

Why Saab's Chinese Electric Vehicles Are Not Real

plugincars.com 05 Dec '13, 5pm

In September, the first “pre-series” car rolled off the production lines at the National Electric Vehicle Sweden in Trollh...

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 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 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...

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...

Bitcoin Skepticism by Bankers From China to U.S. Hinders Growth

Bitcoin Skepticism by Bankers From China to U.S...

bloomberg.com 05 Dec '13, 8pm

You need to enable Javascript to play media on Bloomberg.com Play Bitcoin Suffers Setback in China Bitcoin, the digital mo...

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...

China, banks ponder Bitcoin as popularity soars via @usatoday

China, banks ponder Bitcoin as popularity soars...

usatoday.com 06 Dec '13, 12am

Debating the potential value of a currency no one can actually hold in their hands. Bitcoin tokens in Sandy, Utah. (Photo:...

Bitcoin banned from Chinese banks amid fears of...

theverge.com 05 Dec '13, 9am

Chinese regulators have banned financial institutions from using Bitcoin, warning that the virtual currency could be used ...