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Bitcoin China

Bitcoin Exchange Value Halves After Chinese Ban 475

Posted by Unknown Lamer
from the newton's-law-of-should-have-gotten-out-last-week dept.
An anonymous reader writes with news of the latest major fluctuation in the price people are willing to pay for Bitcoins. From the article: "China's ban on its financial institutions handling bitcoin causes world's largest exchange to cease trading, halving the value of the currency from $1,000 to less than $500 in a matter of days. The country's central bank took a hard line on Bitcoin in early December when it banned financial institutions from handling the decentralized crypto-currency, and as a result BTC China, the world's largest bitcoin exchange, has stopped accepting deposits from its users." Just watch that line trend downward.
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Bitcoin Exchange Value Halves After Chinese Ban

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