Tag: Virtual Currency

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Executives from China Blockchain Alliance: Virtual currency is the “largest Ponzi scheme in human history.”

In a recently published op-ed, the chairman of China's Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and a colleague insisted that cryptocurrencies are...

A Chinese court has ruled that a virtual currency-based sale agreement is invalid.

A virtual currency cannot circulate in the market as a currency, so a vehicle sale contract in which the buyer agreed to pay in...