China Bans Banks from Handling Bitcoins

The People’s Bank of China has banned Chinese banks from handling transactions in bitcoins because it is a virtual currency not backed by any central authority. Here are the feelings of the Chinese people.

“I am Satoshi Nakamoto and I am furious.”
“But they’ll still take deposits in World of Warcraft gold, right?”
“Great, now what am I going to do with my 0.00014 bitcoins?”

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