Bitcoin Nixed For China’s Banks By Government

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Posted 4 years ago


Bitcoin Nixed For China's Banks By GovernmentOn Thursday, the Chinese government declared that the digital currency known as Bitcoin will be banned from use in China’s banks. The Chinese government see it as posing a financial risk to the country’s fiscal stability.

Bitcoin is used by China’s citizenry for personal use. While other governments around the world continue to learn the ins and outs of Bitcoin — which is untraceable and anonymous — China has acted definitively.

Rich Casale


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