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Bitcoin value halves after China announces restrictions on exchanges
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RR Phantom
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Cayman Islands Actuary
Subject: Bitcoin value halves after China announces restrictions on exchanges
Wed Dec 18, 2013 3:33 pm
The value of Bitcoins has plummeted by half following Chinese restrictions on exchanges in the virtual currency.
BTC China, a Bitcoin and Yuan trading platform, announced that local payment companies have been blocked from providing it with clearing services.
This means that the firm can no longer accept yuan-based deposits.
Read more:
http://www.dailymail.co.uk/sciencetech/article-2525772/Bitcoin-value-plunges-China-announces-restrictions-exchanges.html#ixzz2nrQCLKT1
Bitcoin value halves after China announces restrictions on exchanges
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