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China emerges as Bitcoin haven
By TII News Service
Jan 13, 2017 , New Delhi

    

CHINA has emerged as the Bitcoin haven in the world. Bitcoin, the virtual currency, has become the most trusted web-based crypto-currency to store value and to launder money. It enables money launderers to transfer money through hundreds of computers to the targetted destination.

With the Chinese currency Yuan getting hammered last year, Chinese authorities have decided to launch a crackdown on Bitocoin-based transactions. Such a decision came after the Central Bank came to know that there was a record high demand for Bitcoins in the first days of 2017 itself.

 
 
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