In a world where the value of hard fiat currencies is being called into question on account of reckless money printing by central banks, the virtual currency Bitcoin is finding a lot of takers. So much so that it has become a hot topic of conversation. So far, bitcoins do not come under any regulations. But it now appears that the popular, virtual currency will face its first real test. And this is in none other than China. The enthusiasm for bitcoins in the dragon nation has been greater than elsewhere. So much so that it accounted for a third of the global trading volume. But Chinese regulators have decided to come down hard on the currency. Indeed, as reported on Reuters, regulators have banned the country's banks from trading bitcoin. China is obviously in no mood to let bitcoins co-exist with the Chinese Yuan. It will be interesting to see whether other countries also follow suit. One thing is certain that the rise in bitcoins cannot continue forever and like any asset class or currency is bound to witness corrections.