“China’s biggest Bitcoin exchange was forced to stop accepting deposits in the Chinese currency on Wednesday, sending the price of the virtual money tumbling in one of its biggest markets globally. The development comes less than two weeks after China’s central bank and four other government agencies that regulate finance and technology issued a joint announcement banning Chinese financial institutions from dealing in the virtual currency. By Wednesday evening, the Shanghai-based BTC was quoting Bitcoins at about 2,300 renminbi, or about $380, apiece. That was nearly 40 percent lower than where they had traded on Tuesday.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Iraq’s people yet to feel benefit of oil boom
Despite Tax Increase, California State Revenues in Freefall
Bitcoin-based credit card reportedly due in two months
President Obama: 'I Have Not Made a Decision' on Syria
Sex is major reason military commanders are fired
Small farmers say new federal regulations could halt local food trend
Chief Justice Roberts Is Awesome Power Behind FISA Court
Kill ‘All Whites’, Says New Black Panthers
CIA ‘gave millions in cash’ to Karzai over the years
Companies Cook the Books to Meet Tough Targets: Survey
Indian government seeks gold purchase information from jewellers
Bitcoin Segment on China State Television
Airlines made windfall profits after EU freeze on carbon taxes
Considerable interest seen in new Latvian dual citizenship program
Bexar County deputy shoots and kills unarmed motorist