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China says Bitcoin not a legitimate method of payment

7 months, 8 days ago
BEIJING: China does not recognize Bitcoin and other digital currencies as legitimate forms of payment, the central bank governor, Zhou Xiaochuan, said on Friday. “We do not currently recognize Bitcoin and other digital currencies as a…

Beijing admits stock bubbles, says routs almost over

3 years, 1 month ago
BEIJING:China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the turbulence was coming to an end.