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China Bitcoin exchange bans yuan deposits

Posted By -NO AUTHOR- On 12/18/2013 @ 10:19 pm In Money,World | No Comments

(Associated Press) The biggest Bitcoin exchange in China said Wednesday that it’s no longer accepting yuan deposits, dealing another setback to the virtual currency.

BTC China’s announcement on its Twitter-like Sina Weibo account comes two weeks after China’s central bank said the country’s banks and payments systems were barred from handling the virtual currency.

The exchange said that “due to the reasons that everyone knows, BTC China has to temporarily stop its yuan account recharging functions.”

Account holders can still top up their accounts using Bitcoins and withdraw yuan, the exchange said.


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