ICBC says it bans ac­tiv­i­ties re­lated to Bit­coin, Lite­coin

China Daily (Canada) - - BUSINESS -

In­dus­trial and Commercial Bank of China Ltd has banned ac­tiv­i­ties re­lated to trad­ing in Bit­coin, it said on Thurs­day, join­ing at least 10 other Chi­nese banks that have pro­hib­ited use of vir­tual cur­ren­cies. “From this date, any in­sti­tu­tion or in­di­vid­ual must not use ac­counts set up with our bank for the de­posit and with­drawal ... and trans­fer of funds for Bit­coin and Lite­coin trad­ing,” ICBC said in a state­ment on its web­site.

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