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Chinese Banks Warned About Bitcoins

2013-12-07 01:52:08| TechNewsWorld

China's central bank said Thursday that the nation's banks and payment systems were prohibited from handling Bitcoins. Bitcoins are "virtual goods" and have no legal weight, the banking body said. Individuals can still toy with them at their own risk, but financial institutions and payment systems can't touch -- no selling, no trading and no storing of Bitcoins.

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Category:Information Technology

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