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December 06, 2013, 04:27:53 AM

Maybe a little bit obsolete already, but anyway here's something I read from Chinese media:

In China, bitcoin enterprises all think the notice of government published yesterday were very positive news to them. Bitcoin is not recognized as currency means they don't need to get currency related license, which is almost impossible for them to apply. In other words, if bitcoin was recognized as currency, then all the exchanges would have to close immediately because then don't have and will have no way to get currency exchange license. In China, currency exchange is strictly restricted and only some state banks can provide limited service.

Since the government officially announced the bitcoin is a 'virtual commodity', so there's much less policy risks now. More mainstream enterprises are considering bitcoin related business more seriously now.