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China Bitcoin exchange suspends RMB recharges

( Xinhua ) Updated: 2013-12-18 21:03:57

China Bitcoin exchange suspends RMB recharges

An estimated 1.8 million Bitcoin were traded in November on BTC China. It is China's largest Bitcoin trading platform aimed at investors buying and selling with the Chinese currency Renminbi.

Bitcoins are stored in a virtual wallet and can pass from person to person around the world in secret, allowing users to remain anonymous. It bypasses both banks and banking regulators worldwide.

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