Bitcoin Represents a Problem to China

By March 16, 2015Bitcoin Business

China is on the verge of an economic meltdown and Bitcoin can be one of its major problems. Beijing might be preparing to tighten the siege around companies and entrepreneurs doing business with Bitcoin.

The latest Goldman Sachs report revealed that about 80% of bitcoin transactions are being made in China. With an economic slowdown on its hands, the People’s Bank of China  (PBOC) is trying to find and close down the holes from where […]

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