Bitcoin - People's Bank of China prohibited Chinese financial institutions from using bitcoins
Time: Thursday Dec 5, 2013
Place: Beijing, China
Details: On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins. After the announcement, the value of bitcoins dropped, and Baidu no longer accepted bitcoins for certain services. Buying real-world goods with any virtual currency had been illegal in China since at least 2009.
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