Austin Craig

As of December 2013, trading of the digital currency, Bitcoin, has been banned by China's banks, although, Chinese citizens are still allowed to use the popular currency. Bitcoin value saw a large increase in 2013, but the recent ban caused its exchange rate to take a sharp hit following the ban in China.   Frank Langfitt from NPR's Shanghai branch reports:   “China is the world's biggest market for Bitcoin and has helped drive its explosive appreciation this year. Today, Read more [...]
Read more