Saturday 10 May 2014

China's largest bank ICBC bars services for Bitcoin

TRADE WARS
China's largest bank ICBC bars services for Bitcoin
Shanghai (AFP) May 08, 2014 - China's biggest bank ICBC has banned activities related to trading in Bitcoin, it said Thursday, joining at least 10 other Chinese banks participating in a government crackdown on virtual currencies. Bitcoin, invented in the wake of the global financial crisis by a mysterious computer guru, is a form of cryptography-based e-money that can be stored either virtually or on a user's hard drive, ... more


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