Bitcoin Rollercoaster Hits China, Challenging Supervision

“Bitcoin, a form of digital e-money stored in a virtual wallet, bypasses banks, allows users to remain anonymous and came to the Chinese public eye in April this year, when movie star Jet Li’s One Foundation received a donation of several hundred Bitcoin to help quake-stricken Sichuan.  The ‘currency’ has been heating up ever since, especially when China Central Television reported on the evening news of October 28 that Canada has set up the first Bitcoin ATM machine. Investors went even crazier when the country’s largest Bitcoin trading platform, BTC China, received an investment of 5 million U.S. dollars on Monday.”

http://english.cri.cn/6826/2013/11/22/2361s799877.htm

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