The People's Bank of China has been cracking down on Bitcoin exchanges in China

But, errrr, they do seem to have a liking for digital currencies otherwise .... Nothing suss ...

This via Bloomberg:

  • the People's Bank of China has done trial runs of its prototype cryptocurrency
  • That's taking it a step closer to becoming one of the first major central banks to issue digital money
  • At the same time as it builds up its own capabilities, the PBOC is increasing scrutiny of bitcoin and other private digital tenders

Article is here

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Oh, and related from Bloomberg: Even China Can't Kill Bitcoin