Bitcoins Free Fall

Purportedly on bad news from China Bitcoin’s value has plummeted in the last few days.


The drop is believed to be a result of China’s largest Bitcoin exchange, BTC China, being forced to stop accepting deposits.  From Bloomberg News “Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges, according to ‘China Business News’, which is affiliated with the Shanghai government.”

This is one of the first attempts at regulating the digital currency.  Will it be the first of many remains to be seen.


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