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My read of this is that businesses are not allowed to price their goods in bitcoin which is a huge hit; beyond this nothing seems terribly surprising. > "Notic
by eof 13y ago
My read of this is that businesses are not allowed to price their goods in bitcoin which is a huge hit; beyond this nothing seems terribly surprising.
> "Notice" requirement, at this stage, financial institutions and payment institutions are not allowed to Bitcoin price for the product or service,
edit: from: http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/201312...
- ashray 13y agoI'm confused about what constitutes a payment institution. Does this mean that credit card processors cannot price in bitcoin ? Or does this mean that Starbucks cannot price in bitcoin ? There seems to be a distinction between a business and a payment institution. Or maybe what's said here is that a bitcoin transaction is like a 'coupon code' and not governed under the same rules that paying with money would be.