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Topic: Bank of China & China Construction Bank announces bitcoin ban today 4/30/14 (Read 2449 times)

donator
Activity: 229
Merit: 106
I also made deposit to BTCC through bank transfer today. I think it still available until 10 May.
newbie
Activity: 57
Merit: 0
I know it isn't proof proof, but I don't want to give anything away that could possibly make it more annoying for me to buy bitcoins.

http://i58.tinypic.com/mb0p08.jpg
full member
Activity: 157
Merit: 100
I made a bank transfer to BTC China late yesterday afternoon just before my bank closed. Money posted to my account and coins successfully bought.

proof?  what bank would defy the PBOC orders?
newbie
Activity: 57
Merit: 0
I made a bank transfer to BTC China late yesterday afternoon just before my bank closed. Money posted to my account and coins successfully bought.
legendary
Activity: 1624
Merit: 1008
The reason some of us replied as we did was because of the following statement by the OP.

i believe bank of china was the last remaining bank transfer option for btc china.

This makes it sound like more than one more bank's obligatory statement.


But yes we are waiting for the end game, if indeed there even is one.
legendary
Activity: 2156
Merit: 1070
Is everyone in here ignorant, only focused on price speculation, and doesn't actually analyze and research anything about what they're talking about?  Every Chinese bank that makes their required public statement, now I hear posters here chime in with "o noez more bs china fud. when will they stop'. Really? The Caixin news required that EVERY Chinese bank involved make a public statement that they would not provide services to bitcoin related accounts. So now obviously you will see several (or dozens) of PRs, all from banks individually complying with this statement. They are not all 'another china ban pr', they are not 'bans', and it is not 'fud'. Grow up and get educated about what you are actually talking about.

I do agree that there are going to be more announcements. And I think the market will shrug them off more and more.

Until the exchanges confirm. Then the markets are going to react. That will be the "official" meaningful announcements.

The exchanges are right now mute as they don't want to lose anymore customers as necessary.
sr. member
Activity: 375
Merit: 250
The Caixin news required that EVERY Chinese bank involved make a public statement that they would not provide services to bitcoin related accounts. So now obviously you will see several (or dozens) of PRs, all from banks individually complying with this statement.

Funny, so they really feel threatened by Bitcoin, and rightfully so !
hero member
Activity: 728
Merit: 500
Is everyone in here ignorant, only focused on price speculation, and doesn't actually analyze and research anything about what they're talking about?  Every Chinese bank that makes their required public statement, now I hear posters here chime in with "o noez more bs china fud. when will they stop'. Really? The Caixin news required that EVERY Chinese bank involved make a public statement that they would not provide services to bitcoin related accounts. So now obviously you will see several (or dozens) of PRs, all from banks individually complying with this statement. They are not all 'another china ban pr', they are not 'bans', and it is not 'fud'. Grow up and get educated about what you are actually talking about.
sr. member
Activity: 448
Merit: 250
Seriously getting bored with all this banning bullshit. Wont affect price much, just few dollars down.
sr. member
Activity: 266
Merit: 250
You can only pump-and-dump so many times before people catch on to you. Now the question is, How will the Chinese schemers respond to the nonchalant attitude to these so-called bad news coming out of China anymore?

So now all the bulls will go onto a buying spree only to be met with maximum dumpage from the Chinese.
legendary
Activity: 2576
Merit: 1087
The next alt!

BANcoin

It is full of win o/
sr. member
Activity: 644
Merit: 250
Does anybody actually care about this anymore ?

BTW Bloomberg just added Bitcoin to their charts !
sr. member
Activity: 448
Merit: 250
You can only pump-and-dump so many times before people catch on to you. Now the question is, How will the Chinese schemers respond to the nonchalant attitude to these so-called bad news coming out of China anymore?
hero member
Activity: 616
Merit: 500
http://www.ccb.com/cn/home/personal/new_announce/20140430_1398824403.html

Quote
Statement on the Prohibition of the use of my bank account for bitcoin transactions
Published :2014-04-30

http://www.boc.cn/custserv/bi2/201404/t20140430_3268494.html

Quote
Statement on the Prohibition of the use of my bank account for bitcoin transactions
2014-04-30

Effects which exchanges?

i believe bank of china was the last remaining bank transfer option for btc china.

So why is the price on Btc China and everywhere else the same now as it was just before this announcement?


too many bans, ppl get tired and just hold or buy when another one comes
legendary
Activity: 1624
Merit: 1008
http://www.ccb.com/cn/home/personal/new_announce/20140430_1398824403.html

Quote
Statement on the Prohibition of the use of my bank account for bitcoin transactions
Published :2014-04-30

http://www.boc.cn/custserv/bi2/201404/t20140430_3268494.html

Quote
Statement on the Prohibition of the use of my bank account for bitcoin transactions
2014-04-30

Effects which exchanges?

i believe bank of china was the last remaining bank transfer option for btc china.

So why is the price on Btc China and everywhere else the same now as it was just before this announcement?
sr. member
Activity: 448
Merit: 250
I agree, this is a wonderful news. Finally the last nail has been hammered to China coffin. Good riddance. It's all good from here.
full member
Activity: 235
Merit: 100
I was promised da moon
Such newses!

I panic sold 0 bitcoins!
legendary
Activity: 938
Merit: 1000
Another china "bad" news, so let's see how will this effect bitcoin price now. I wonder how much bitcoins do china won in total? how many %?
hero member
Activity: 703
Merit: 502
still "bothered" - you need something besides China to force the crash now.
sr. member
Activity: 249
Merit: 250
Yet amazingly $400+ on Huobi   Cool
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