Chinese vendors stop taking bitcoins as a result of new regulations | IT News

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The article in IT news investigates the recent developments of the new cryptocurrency, bitcoins, in China. Several Chinese vendors were gaining attention as they opened their wallets to the new form of currency that lives entirely in the web. This came to a crashing halt when the Chinese government banned banks from trading bitcoins. While China is still allowing its citizens to buy the cyber currency, it is now being heavily scrutinized.

Read the full article here:
Chinese vendors stop taking bitcoins as a result of new regulations | IT News

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