China bars banks from bitcoin transactions

Home Forums China bars banks from bitcoin transactions

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 3 years, 11 months ago.

  • Author
    Posts
  • #2614

    Anonymous

    Technology News

    Some of Bitcoin enthusiast Mike Caldwell's coins in this photo illustration at his office in Sandy, UtahBy John Ruwitch and Pete Sweeney SHANGHAI (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. Digital currencies are generally highly volatile. Shanghai-based BTC China has recently become the world's largest bitcoin exchange by volume.


You must be logged in to reply to this topic.

0 Shares
Share
+1
Tweet
Share
Stumble