Reports that a Chinese Bitcoin exchange holding up to $4.1 million has disappeared fuels the controversy over use of the online currency. The exchange for over 1000 customers claimed to be based in Hong Kong, but was listed under a false address and never had a proper business license. This is the most recent Bitcoin controversy after a similar exchange, Trade Fortress, based in Australia, shut down leaving $1 million in Bitcoin funds missing. TheStreet’s Brittany Umar has details in New York.
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