Bitcoin In China Still Chugging Along, a Year After Clampdown

Posted by timothy on Tuesday March 31, 2015 @12:51AM from the government-vs-the-people dept.

angry tapir writes A year after China began tightening regulations around Bitcoin, the virtual currency is still thriving in the country, albeit on the fringes, according to its largest exchange. Bitcoin prices may have declined, but Chinese buyers are still trading the currency in high volumes with the help of BTC China, an exchange that witnessed the boom days back in 2013, only to see the bust following the Chinese government's announcement, in December of that year, that banks would be banned from trading in bitcoin.

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Bitcoin In China Still Chugging Along, a Year After Clampdown

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