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China: Bitcoin exchange hub

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Elisabeth HartleibDecember 12, 2013

The use of Bitcoin has spread like wildfire. It's the online currency that's supposed to transcend exchange rates and provide a universial form of payment in any country. But regulators around the world are concerned about a potential bubble as well as shady dealings including money laundering. Last week China's central bank said banks shouldn't take deposits from Bitcoin related businesses.

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