| The bitcoin saga took an unpleasant turn last month, when China's central bank banned financial institutions from dealing in the virtual currency. Bitcoin was enjoying a surge of popularity in the country. By the end of November, Chinese exchanges were responsible for almost two-thirds of worldwide traffic. The central bank's decision sent the currency tumbling.
Then Indian regulators joined the fray. The Reserve Bank of India issued a public warning on the dangers of bitcoin. India's largest exchange was promptly shut down, and its operator raided by local authorities...............................................Full Article: Source
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