China declares all crypto-currency transactions illegal

(www.bbc.com)

posted by xyzzy on Bitcoin

4 comments

I hope the GPU prices start dropping, I need a newer GPU.

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I think the prices may drop for a little while, but they will probably rise back up as people move their operations to other countries with cheap electricity.

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Posted by xyzzy
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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.

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China declares all crypto-currency transactions illegal

4 comments

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