![China (Unofficially) Authorizes Bitcoin, Price Turns Bullish [UPDATE]](maxthumb/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3L2E2ZjlmMGIzMzJkOWVlNDhlMDkwMTc2NTIwZTEwMDg2LnBuZw==.jpg)
China (Unofficially) Authorizes Bitcoin, Price Turns Bullish [UPDATE]
UPDATE: CoinTelegraph has been informed that the annoucement, on which the following article is based, was originally published in People's Daily, the official newspaper of the Chinese Communist Party with the CAC reposting it on their website. So while the article doesn't represent the opinion of the CAC, the People's Daily is a major publication in China, whose main readers are Chinese officials. While many media outlets and financial experts have pointed to the large influx of funds from China to Western bitcoin exchanges as the cause of the recent bitcoin price spike, China’s Internet....
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