Sentences with phrase «permitted trading of bitcoin»
Not exact matches
On 5 December 2013, the People's Bank of China announced in a press release regarding bitcoin regulation that whilst individuals in China are permitted to freely trade and exchange bitcoins as a commodity, it is prohibited for Chinese financial banks to operate using bitcoins or for bitcoins to be used as legal tender currency, and that entities dealing with bitcoins must track and report suspicious activity to prevent money laundering.
https://everipedia.org/
explainer outlines a future where Bitcoin is the preferred medium of exchange for everything and permits cheaply settling international trades; swapping precious metals and commodities in seconds; and opening new trading options for farmers, manufacturing companies, metal miners, oil refineries and more.
On October 31, CME Group broke the news that it would be permitting futures trading on Bitcoin, which led to a significant increase in the price of Bitcoin.