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The Chinese are buying everything - including Bitcoin

The second-largest downloader of Bitcoin wallets after the US, China, it seems, has found a new investment

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Published Fri, Nov 15, 2013 · 10:00 PM

Singapore

BITCOIN, the poster-currency for anarchy, has found its sweet spot in China, of all countries. There, the cryptocurrency has become a way to circumvent Chinese capital controls and an alternative form of speculation amid a dearth of investment options.

What is more surprising is that the Chinese government has done practically nothing about Bitcoin, for now at least.

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