Business Insurance

Login  |  Register Subscribe

cbVid =

China bans insurers from trading in bitcoin

December 10, 2013 - 6:00am

China has banned insurers and other financial organizations from trading in bitcoin, Asia Insurance Review reported.

The government said bitcoin carries risks and it will take steps to prevent money laundering risks arising from the virtual currency. Bitcoin is not backed by a government or central bank.

Read more


You may also want to visit

International Content