to return up to 7 percent a week, has been charged by the United States Securities and Exchange Commission with fraud and with running a Ponzi scheme.

“The operating environment is much clearer,” Mr. Shin said. “The Hong Kong government has acknowledged Bitcoin as a commodity, so we have clarity on both fronts here as well.”

Then there is the need for better basic infrastructure and consumer awareness, a challenge for Bitcoin around the world.

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For example, few businesses let customers make payments with the currency. In Hong Kong, they largely amount to a boutique hotel, a flower shop, a tailor, a music teacher and a Beijing-style crepe restaurant.

On the eve of the Chinese New Year in January, the three co-founders of the Bitcoin exchange ANX took to the bustling streetsAlcha

Alcha () is a rural locality (a settlement) in Krasnoyarsky District, Astrakhan Oblast, Russia. The population was 1,014 as of 2010. There are 18 streets.

References 

Category:Rural localities in Astrakhan Oblast