Bitcoin news 18 december

Bitcoin USD (BTC-USD)

BTC China said that due to action by a third-party payment provider, YeePay, it could no longer accept deposits in the Chinese currency, although it would still be able to process withdrawals. Lee blamed government regulation for the decision.

China's central bank warned in early December that bitcoin was not legally protected and had no "real meaning", and barred financial institutions from using the currency. On Tuesday, the central bank extended that ban to payment companies like YeePay, and gave them until Chinese New Year, which begins on 31 January, to comply.

Bitcoin News Roundup for Dec. 18, - CoinDesk

Until then, it had been self-funded by its three co-founders, who opened the site in June The comment period ends Jan. The Treasury Department published a list of questions and answers related to the proposal, arguing among other things that they would not stifle innovation or impose unreasonable burdens on people who aren't breaking laws.

The report aims to offer banks a roadmap to help them gain the technical capacity to support digital payments in all their forms.

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