Post
Topic
Board Bitcoin Discussion
Re: Bloomberg : BREAKING: China bans financial institutions from Bitcoin transaction
by
Mylon
on 05/12/2013, 08:41:48 UTC
Pulling it through google translate, it ain't great news.
- Business and Financial instruments banned from bitcoin
- Bitcoin trading platform needs to be registered under Telecommunication Act
- Users are still allowed to trade - at own risk.
- Bitcoin is a high risk for money laundering.
Very firm statement from PBC that Bitcoin is not money.