​​China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration | MyBitcoin Cryptocurrency News

​​China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission 
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity. 

NEWS 

China, one of the world’s most strict jurisdictions for cryptocurrency trading, has not completely banned Bitcoin (BTC), a local non-profit arbitration organization says.
According to a July 30 report published by the Beijing Arbitration Commission (BAC), China's prohibition of Bitcoin is more nuanced than some have suggested.