“Popular Chinese bitcoin exchange BTC China has restored a facility allowing customers to purchase bitcoin by depositing yuan into the exchange’s corporate bank account. The move reverses a decision in December to halt such deposits, which the exchange made in response to a Dec. 5 memo from the People’s Bank of China warning national financial institutions not to trade in bitcoin. Reached by phone in Shanghai, BTC China Chief Executive Bobby Lee said the change, which was implemented Thursday, was made after the company studied the PBOC memo and other rules that raised concerns about BTC’s banking activities.”
http://online.wsj.com/news/articles/SB10001424052702303743604579353783803642644
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