BTC China to stop taking yuan deposits

BTC China, the world's largest Bitcoin operator by trading volume, said it will no longer accept new deposits in yuan, dealing another setback to the virtual currency.

The announcement on the operator's Sina Weibo account came two weeks after China's central bank said the country's banks were barred from handling Bitcoin transactions.

The platform said that "because of the reasons that everyone knows, BTC China has to temporarily stop its yuan account recharging functions."