NIO’s electric car venture with Toyota Motors Chinese partner announced a premature embrace of Chinas digital currency, only to retract it hours later for lacking the necessary permission to accept payments in the virtual yuan.GAC-NIO, a venture between start-up NIO and Guangzhou-based GAC Group, said in its official Weibo blog that it would accept payment in bitcoin for car purchases, but later retracted it. Bitcoin transactions are illegal in China.The announcement was amended to digital…



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