China Bars Bitcoin Trades By Banks, Not Individuals

By | December 5, 2013

Scalper1 News

China’s central bank warned its banks Thursday against Bitcoin trading, a move seen as a first step toward regulating the highflying virtual currency. But China, which has become Bitcoin’s biggest market, did not restrict individuals from using it. Still, Bitcoin, which has skyrocketed in recent months, suffered double-digit percentage losses in volatile trading. The People’s Bank of China said Bitcoin is a currency with no “real meaning” and Scalper1 News

Scalper1 News