People's Bank of China

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Bitcoin Plummets in China Amid Ban

Central bank: It's not a real currency

(Newser) - On Monday, China's central bank told top Chinese payment-processing firms they could no longer deal in digital currencies; two days later, the country's top Bitcoin exchange, BTC China, has now had to stop taking deposits in China's currency, the renminbi. Now, the value of bitcoin in the...

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