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Digital currencies backed by a the government discussed financial sector in cryptocurrency regulatory development efforts.
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Why Does China Keep Banning Bitcoin?Baidu Inc., China's biggest search engine, stopped accepting Bitcoins after the nation's central bank barred financial institutions from handling. An announcement on a Bitcoin forum says that Baidu Jiasule, a small security service owned by one of China's biggest Internet companies. In , its first cryptocurrency exchange, BTC China, began trading. In addition, Baidu, China's search engine giant, began accepting Bitcoin as payment for.
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