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Posts Tagged ‘Bitcoin Association of Australia’

Bitcoin’s sharp rise in value this year has many questioning whether the virtual currency is sustainable in the long term The value of all bitcoins in circulation reached nearly US$15 billion in early December, as its value soared following strong interest from China.

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Bitcoin’s value sunk last night after a Chinese exchange stopped accepting deposits because of the country’s new regulations. [Daily Dot]

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Governments worldwide are trying to solidify their positions on Bitcoin. Chinese regulators banned financial institutions from using Bitcoin earlier this month, while in July, Thailands government declared the virtual currencys use illegal due to a lack of applicable laws. Now Bitcoin has taken another hit to its legitimacy: Norway — Scandinavias richest nation — has said that the currency […]

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