Further Clamp Down on Bitcoin by Chinese

btcchinaFurther Clamp Down on Bitcoin by Chinese

BTC China, China’s biggest Bitcoin Exchange, has been halted from accepting Yuan, thus making the sale of Bitcoins in China’s official currency all but illegal. BTC China will continue to operate handling Bitcoin and other currencies, however they have ceased acceptance of Yuan.

This development has snowballed the falling price of Bitcoins.

As of writing the price of a Bitcon is $571.90, down from the average price two days ago of $847.70 (source MTGOX).

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