China bans all banks doing business with the bitcoin

China bans all banks doing business with the bitcoin

China 's central bank has warned the financial institutions of the country against the use of virtual currency , star these days for its spectacular rally because of the risks involved .
The debate on the sustainability of the rally bitcoin activated alerts the Asian giant. The Chinese central bank not only closely monitor the risks associated with the virtual currency , and their use for speculation and illegal activities.

Warns its banks against the use of bitcoin , arguing that , even though it should not pose a threat to the financial system of the country itself carries multiple risks. China 's central bank promises to act against the ' money laundering ' us with this virtual Watershed , which is not backed by any government or central bank.

The Chinese financial controller however does allow the use of bitcoin to its citizens, always assume the risks involved . Exponential bitcoin rises have been shot in 2013. In January started at $ 13, while this week surpassed the barrier of U.S. $ 1,200.