China Bans Bitcoin? Not so Fast

China Bans Bitcoin? Not so Fast

On March 21 the Chinese information site, Sina Weibo, published an article stating that China is expected to completely ban all operations involving Bitcoins starting April 15, while the authorities have already issued this warning to exchanges. “In regards to the announcement by the Central Bank on the 18 March, allegedly containing information that the government is planning to ban all Bitcoin transactions, we affirm that the news presented by Sina Weibo is only half-true. While it is true that The National Bank of China will release a new document, it will not prohibit Bitcoin....


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