China's central bank said Thursday that the nation's banks and payment systems were prohibited from handling Bitcoins. Bitcoins are "virtual goods" and have no legal weight, the banking body said. Individuals can still toy with them at their own risk, but financial institutions and payment systems can't touch -- no selling, no trading and no storing of Bitcoins. China's largest Bitcoin exchange, BTC China, earlier this week expressed hope that it might be able to coax Beijing into legitimizing the currency. Alas.Chinese Banks Warned About Bitcoins
China's central bank said Thursday that the nation's banks and payment systems were prohibited from handling Bitcoins. Bitcoins are "virtual goods" and have no legal weight, the banking body said. Individuals can still toy with them at their own risk, but financial institutions and payment systems can't touch -- no selling, no trading and no storing of Bitcoins. China's largest Bitcoin exchange, BTC China, earlier this week expressed hope that it might be able to coax Beijing into legitimizing the currency. Alas.
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