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Lifestyle

Jail term for bitcoin trading and bitcoin signals in China

jail-term-for-bitcoin-trading-and-bitcoin-signals-in-china

Six Chinese people who used bitcoins (BTC) to evade foreign exchange controls in the country have been sentenced to prison. Chinese people who trade foreign exchange without the permission of the Chinese police are accused of selling bitcoins to immigrants in exchange for RAND and CNY. An important detail is that a Chinese court has found the use and sale of bitcoins (BTC) legal.

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