China cracks down on bitcoin

Friday, December 6, 2013

China’s crackdown is by far the most decisive by the world’s financial regulators to date. That’s probably because enthusiasm for bitcoin appears to have been greater there than in any other single country. Data from online exchanges suggests that China has in recent weeks accounted for around a third of the global trading volume. For a while, Chinese bitcoin buyers were also paying significantly higher price for their virtual stash than users outside the Middle Kingdom.

Source: Breaking Views (link opens in a new window)