Bitcoin dealt huge blow in China as two national banks and Tenpay ban cryptocurrencies
Apr30
China looks like it is finally dropping the hammer on Bitcoin after the Bank of China, China Construction Bank and top online payments company Tenpay released statements banning the withdrawal, sale or purchase of the virtual currency by their customers. The three statements — The Bank of China, China Construction Bank, and Tenpay (a PayPal-like service owned by Internet giant Tencent) — are the same. They are identical to statements made by other businesses of late, but on this occasion these three organizations are large, national entities, which makes their moves more impactful than other bans to date. A rough English translation of the statement is below:…
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