“More than a third of the world’s bitcoin transactions now flow through China’s largest bitcoin trading website BTC China, according to bitcoin data websites. China has surpassed Japan’s Mt.Gox and Europe’s BitStamp, reaching 100,000 Bitcoins in daily trading volumes, or more than 400 million yuan (U.S.$65.7 million) in daily transactions. In recent years China has been pushing to internationalize the yuan, adding more value to the once tightly controlled currency on international markets. But despite the changes, controls mean individuals still find it difficult to invest in assets outside China. As a result, more Chinese are looking to invest in alternative assets like bitcoin.”
http://www.cnn.com/2013/12/04/business/china-bitcoin-frenzy/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bank of Bird-in-Hand to open in fall
Twitter CEO defends ‘principled’ data gathering policy
British government says big change needed before new Syria vote
Security Meltdown at Republican Convention in Tampa
Edward Snowden: US government has been hacking Hong Kong and China for years
Do You Want the Government Buying Your Data From Corporations?
NSA spying allegations mean U.S. could provide ‘virtually unlimited’ info on citizens to allies
Indian government now snooping on SMSs, online chats
India Warns Kashmiris to Prepare for Nuclear War
Japan's homeless recruited for murky Fukushima clean-up
Piedmont Boy, 3, Gets $2,500 Ticket For Urinating In His Front Yard
RBS has lost all the £46bn pumped in by the taxpayer
Fund Manager Hugh Hendry: I would buy Bitcoin if I could
‘Run and hide’ is Obama administration’s clever plan for next school shooting
‘World’s greatest chef’ building massive recipe and gastronomic database