Dec. 5, 2013 4:15 a.m. ET
China on Thursday declared that it doesn't consider the virtual currency bitcoin a real currency and warned that it could be used for speculation and money laundering, even as it said individuals could still buy and sell it.
The People's Bank of China said in a statement on its website that financial institutions shouldn't provide bitcoin-related business such as deposits, custody services or collateral business. They also are barred...
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