We aware that Chinese Government restricts Banks from doing Bitcoin transactions. As a result of this, Chinese vendors that previously accepted bitcoins as currency also stopped doing the Bitcoin transactions.
Baidu, Chinese Biggest Search engine, that had started accepting the virtual currency on October 14 for their website-hosting service, also stopped accepting Bitcoins.
Chinese local smartphone and Smartwatch vendor Geak which claimed to be the first China's commercial company allow bitcoin transaction said it would cease accepting bitcoin, PCWorld reports.
And a Chinese grocery store said they also stopped accepting bitcoin.
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