Posted by: Khairey January 2, 2014
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>> Do you think it really replaces the current banking systems?
The People’s Bank of China explained that Bitcoin isn’t a currency “in the real meaning of the word,” and cited the risk of money laundering. India’s central bank objected to Bitcoin’s volatility and its lack of “backing assets.”
http://www.marketwatch.com/story/what-a-bitcoin-is-really-worth-in-india-and-china-2014-01-01?dist=afterbell
The People’s Bank of China explained that Bitcoin isn’t a currency “in the real meaning of the word,” and cited the risk of money laundering. India’s central bank objected to Bitcoin’s volatility and its lack of “backing assets.”
http://www.marketwatch.com/story/what-a-bitcoin-is-really-worth-in-india-and-china-2014-01-01?dist=afterbell