“The People’s Bank of China said in a statement on its website that Bitcoin isn’t a currency with “real meaning” and that its legal status was different from other currencies.”
“However, the powerful bank stopped short of imposing a ban on individuals using Bitcoins.
Just over 2 million bitcoins were traded in the past month on China’s biggest exchange, BTC China, according to bitcoincharts.com, which follows trading in the cybercurrency.”
(All credits for this article go to Kim Hjelmgaard, USA TODAY. I am just a messenger.)
Read the full article here: http://www.usatoday.com/story/money/business/2013/12/05/bitcoin-china-pboc/3876727/
Of course they would try to ban it right? Since they currently control our current currency?
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