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Topic: People's Bank of China Says Bitcoin Cannot Circulate as Currency in the Market - page 3. (Read 2207 times)

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The People's Bank of China has issued today that Bitcoin is a "fictitious currency" and that it cannot be used for circulation as currency in the market in China.

http://squawkonomics.com/2013/12/05/pboc-states-bitcoin-cannot-be-circulated-in-the-market/

The statement regarding banks and financial companies applies to payment companies, or 支付 companies, as well.

http://squawkonomics.com/2013/12/05/pboc-states-bitcoin-cannot-be-circulated-in-the-market/

Sources are from http://money.163.com/13/1205/15/9FBFR87P00254TI5.html and http://www.cnbeta.com/articles/263392.htm see for yourself, and stay tuned, Squawkonomics will be updating you as we get new information in.

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