Chinas central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to Chinas financial system, it carries risks. The central bank also said in a statement on its website that it will act to prevent money laundering risks from bitcoin, a prominent digital currency that is not backed by a government or central bank. Those risks include the possible use of the currency for illegal activities and for speculation, it said.
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