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China's biggest online marketplace, Alibaba Group Holding Ltd's Taobao, will ban the sale of Bitcoins on the heels of a government crackdown against the virtual currency to plug a potential gap in its tight controls on capital flows.
SHANGHAI: A cash shortage among banks made the Chinese stock market one of the world's worst performing this year, showing how tens of millions of small investors remain at the mercy of government policy.
WHILE Oxford Dictionaries’ Word of the Year 2013, selfie, captures a light-hearted global phenomenon, the Chinese Character of the Year takes on a more serious tone.
Japan and Australia are the most affected and Bitcoin users are advised to be wary of the possibility of personal information leak.
Prices for the volatile virtual currency Bitcoin leaped in China on Thursday, after falling nearly 50% one day earlier due to new restrictions reportedly imposed by the central bank.
The US Treasury Department's anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said.