With China accounting for 80% of the global bitcoin trading volume, it was only a matter of time before the country’s own authorities paid heed to the cryptocurrency. In a recent publication on October 13, the Cyberspace Administration of China (CAC) has, in no uncertain terms, claimed that we have entered the “post-Bitcoin era,” and “Can no longer ignore its revolutionary changes” despite people thinking bitcoin and block chain technology is or was not stable. The publication began with the CAC taking note of the deeming of bitcoin as a commodity by the United States Commodity Futures Trading Commission (CFTC). […]
The post China’s Cyberspace Administration Acknowledges Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
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