China Bans BitCoin and Other Cryptocurrencies
BitCoin is trading down as much as 8 percent as news breaks that China has banned BitCoin. According to reports, China's central bank has declared all financial transactions involving BitCoin illegal, citing "widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities." By June, China had already arrested more...
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