Author

Topic: 2 more Chinese banks/payment services bans all btc related accounts 4/29/14 (Read 1489 times)

hero member
Activity: 518
Merit: 500
Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.

 Cheesy maybe new FUD´s will come that they have hacked the code, invented BTC stealing trojan worms or nuke BTC... They do everything to get cheap coins... I know, without the Chinese we would never have seen $1200 coins but it would be way healthier for Bitcoin without them greedy Chinese...
+1
legendary
Activity: 2186
Merit: 1213
Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.

 Cheesy maybe new FUD´s will come that they have hacked the code, invented BTC stealing trojan worms or nuke BTC... They do everything to get cheap coins... I know, without the Chinese we would never have seen $1200 coins but it would be way healthier for Bitcoin without them greedy Chinese...
legendary
Activity: 896
Merit: 1000
It's okay, other "markets" will fill the void of less banks. Whether they are through "illicit" means can be saved for another conversation. In either case, things still look positive.

Besides, banks are messed up institutions in a different sense. Although bitcoin benefits from further adoption, being adopted by the banks of China is not a necessity by any means.
hero member
Activity: 574
Merit: 500
we need a YAWN smiley

sorry Shorties you won't get those $10 coins again, better get some for 400 before the next wave  Cheesy

Chinese won't help you withdraws are blocked, how SUPER STUPID would they have to be now to dump for lame RMB, they will hold on to the coins they have ! Soon black market prices in China will be 30% over Stamp  Wink

Dude u have hit the nail soo on the head ...AGreed china ban should be a bullish signal is the real relity of it all  Cool

legendary
Activity: 1722
Merit: 1000
Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
legendary
Activity: 1372
Merit: 1014
we need a YAWN smiley

sorry Shorties you won't get those $10 coins again, better get some for 400 before the next wave  Cheesy

Chinese won't help you withdraws are blocked, how SUPER STUPID would they have to be now to dump for lame RMB, they will hold on to the coins they have ! Soon black market prices in China will be 30% over Stamp  Wink
sr. member
Activity: 448
Merit: 250
Move along, nothing to see here!
legendary
Activity: 938
Merit: 1000
Exactly, my "care-o-meter" is at 0. How mant more of these we will have 1,5,7? They will end some day.
sr. member
Activity: 471
Merit: 250
Market's reaction is barely palpable.

zby
legendary
Activity: 1594
Merit: 1001
Very late, News released 9 hours ago!

So that was probably the reason of the recent Chinese dump.
sr. member
Activity: 406
Merit: 250
Very late, News released 9 hours ago!
legendary
Activity: 2576
Merit: 1087
im so afraid of this news that I have shorted all the bitcoins, by leveraging my alt coin holdings.
full member
Activity: 157
Merit: 100
another chinese bank announces bitcoin account ban
http://www.chinabank.com.cn/info/index_article.jsp?id=75[2

Quote
Internet Banking Online - Statement on the Prohibition of the payment services company for bitcoin transactions
2014-04-29 

chinese payment service announces bitcoin account ban
http://www.ecpss.cn/new/news/news_07.htm

Quote
Declaration on the Prohibition of the payment services company for bitcoin transactions
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