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re: China bars banks from bitcoin transactions
Posted on 12/5/13 at 9:24 am to C
Posted on 12/5/13 at 9:24 am to C
Remember just last week a report by one bitcoin analyst said half of all bitcoin purchases are occurring in China.
Here's a slightly different perspective on the news from CNNMoney.
12/5/2013
Here's a slightly different perspective on the news from CNNMoney.
12/5/2013
quote:
The new rules prohibit financial institutions in China from trading, underwriting or offering insurance in bitcoin. In addition, websites in China that provide trading services are required to report investors' identities to regulators and take steps to prohibit money laundering.
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