BTC China will be closed. All Bitcoin chinese exchangers will be closed. - page 9.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: Zippery1980 on December 17, 2013, 01:28:42 AM

Let me try to summarize what OP have said:

FUD 1: OP claimed that China banned exchanges.
Truth: Bank transfer to and from exchanges are working perfectly; BTCChina and OKCoin are still doing the business happily.

FUD 2: OP claimed that China's central bank has made an announcement today.
Truth: OP cannot provide anything about it but just the Dec 5 announcement, and later claims the announcement will come out in a few days.

FUD 3: OP claimed that all Chinese Bitcoin exchanges will close their business in a month.
Truth: OP just keep saying that without any evidence. Just a friendly reminder, I am a fortune teller, and I know OP will face a disaster in a month. Sorry, can't tell you the details, but you will see it very soon.

1 and 3 are FUD, but 2 is true. It is true that third-part payment services are no longer allowed to serve BTC exchanges. There's an internal meeting without public announcement, but it has been reported in multiple serious media already.

Zippery1980

newbie

Activity: 4

Merit: 0

Let me try to summarize what OP have said:

FUD 1: OP claimed that China banned exchanges.
Truth: Bank transfer to and from exchanges are working perfectly; BTCChina and OKCoin are still doing the business happily.

FUD 2: OP claimed that China's central bank has made an announcement today.
Truth: OP cannot provide anything about it but just the Dec 5 announcement, and later claims the announcement will come out in a few days.

FUD 3: OP claimed that all Chinese Bitcoin exchanges will close their business in a month.
Truth: OP just keep saying that without any evidence. Just a friendly reminder, I am a fortune teller, and I know OP will face a disaster in a month. Sorry, can't tell you the details, but you will see it very soon.

BurtW

legendary

Activity: 2646

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All paid signature campaigns should be banned.

Quote from: BurtW on December 17, 2013, 01:22:03 AM

Quote from: mayax on December 17, 2013, 01:01:34 AM

China will not allow Bitcoin exchanges from January 30.

That is very specific. Care to place a wager? How much?

Well you think about it. I am off to bed now. Price looks to be heading back up right now. Will check back tomorrow.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: medUSA on December 17, 2013, 01:21:13 AM

I am not drawing conclusions yet, but there are more non chinese news coming out. These are not from December 6th, but from yesterday and today...

These are not trusted source, I know, but seems genuine enough?
Can a chinese member shed more light on this?

"Bitcoin's Outlook In China Is Not Looking So Good Right Now"
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12

"China Bans Payment Firms from Working With Bitcoin Exchanges"
http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/

All these are true, but they just mean 3rd party payment services are not allowed to serve BTC exchanges. There's no news about whether bank service is allowed or not yet, let alone whether exchanges will be closed or not. Keep that facts as they are, and do not give false interpretation.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: mayax on December 17, 2013, 01:01:34 AM

China will not allow Bitcoin exchanges from January 30.

That is very specific. Care to place a wager? How much?

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: mayax on December 17, 2013, 12:54:45 AM

Quote from: BitThink on December 17, 2013, 12:50:32 AM

Quote from: mayax on December 16, 2013, 10:57:59 PM

China`s Central Bank reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges

Well, today China banned exchangers to accept payments from clients who want to buy Bitcoin. BTC China(the biggest exchanger from China) is not accepting deposits anymore.Yes, the clients will still be able to sell in order to not create panic but it is a temporary solution until the end of January.

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

It only applies to 3rd party payment service. No policy saids exchanges cannot use bank services. Please stop spreading FUD.

What is an exchanger than a 3rd party service?

Any service who receive money in exchange for an "investment" must be licensed.
Any service who is operating means of payments must be licensed in China. BTC China avoided this thing because a license is useless for them. Once you have one, you cannot deal with anonymous systems like Bitcoin.

Also, the exchangers are dealing with Bitcoin and the banks from China are not allowed to receive payments for Bitcoin anymore.

It's a matter of time until the banks will implement the new rule.

I assume you are honestly confused rather than spreading FUD.

1) BTC is a virtual commodity, not an asset according to the China government, buying/selling commodity is trading, not an investment.
2) BTCChina is not a payment service provider. Tenpay, Alipay are.
3) Exchangers never give BTC to any bank. Exchangers are using bank services for fiat like any other merchants.

If China government want to close BTCChina, they will provide much better excuses than any one you provided here. Please stop saying something you really have no idea here. Thanks.

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

I am not drawing conclusions yet, but there are more non chinese news coming out. These are not from December 6th, but from yesterday and today...

These are not trusted source, I know, but seems genuine enough?
Can a chinese member shed more light on this?

"Bitcoin's Outlook In China Is Not Looking So Good Right Now"
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12

"China Bans Payment Firms from Working With Bitcoin Exchanges"
http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/

Lopbert

newbie

Activity: 3

Merit: 0

Quote from: mayax on December 17, 2013, 12:54:45 AM

Any service who receive money in exchange for an "investment" must be licensed.
Any service who is operating means of payments must be licensed in China.

Why are you so shock about this? How is that different from US?

Quote from: mayax on December 17, 2013, 12:54:45 AM

Once you have one, you cannot deal with anonymous systems like Bitcoin.

What about Mtgox, Bitstamp and other exchanges outside China? They ask for verification as well.

Check the BTCChina latest announcement, all customers need to do a ID verification before make any orders, and 75% of the customers have already completed the verification process.

Ingoget

newbie

Activity: 3

Merit: 0

Quote from: mayax on December 16, 2013, 11:49:26 PM

I didn't come with SF stories. These are the facts. I know that you want to protect your investment. I would do the same in your place.

With the same logic, I know that you want to spread FUD and push the price down. I would do the same in your place. Tongue

Of course I can do it much better, you need to try harder.

Quote from: BurtW on December 17, 2013, 12:55:31 AM

Quote from: BurtW on December 17, 2013, 12:52:57 AM

Quote from: mayax on December 17, 2013, 12:48:20 AM

BTC China will close the business in China in less than 30 days. Mark my words.

This is a pretty specific claim here. Care to bet on that? How much would you bet on this?

Put your money where you mouth is.

Oh, I forgot, you already sold all your BTC, right?

This is your great chance to get rich. It works much easier than your current FUD campaign.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: BurtW on December 17, 2013, 12:55:31 AM

Quote from: BurtW on December 17, 2013, 12:52:57 AM

Quote from: mayax on December 17, 2013, 12:48:20 AM

BTC China will close the business in China in less than 30 days. Mark my words.

This is a pretty specific claim here. Care to bet on that? How much would you bet on this?

Put your money where you mouth is.

Oh, I forgot, you already sold all your BTC, right?

I really don't care what you do with your money but it's funny for me how you try to convince me about some fantasies. I understand that you want to speculate with Bitcoin. It's normal to want to earn more and more.... but let's cut the ***.

Leave it as it is.

You can say whatever you want: FUD, MUD, BUP, LOL...but China will not allow Bitcoin exchanges from January 30.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: BurtW on December 17, 2013, 12:52:57 AM

Quote from: mayax on December 17, 2013, 12:48:20 AM

BTC China will close the business in China in less than 30 days. Mark my words.

This is a pretty specific claim here. Care to bet on that? How much would you bet on this?

Put your money where you mouth is.

Oh, I forgot, you already sold all your BTC, right?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: BitThink on December 17, 2013, 12:50:32 AM

Quote from: mayax on December 16, 2013, 10:57:59 PM

China`s Central Bank reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges

Well, today China banned exchangers to accept payments from clients who want to buy Bitcoin. BTC China(the biggest exchanger from China) is not accepting deposits anymore.Yes, the clients will still be able to sell in order to not create panic but it is a temporary solution until the end of January.

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

It only applies to 3rd party payment service. No policy saids exchanges cannot use bank services. Please stop spreading FUD.

What is an exchanger than a 3rd party service?

Any service who receive money in exchange for an "investment" must be licensed.
Any service who is operating means of payments must be licensed in China. BTC China avoided this thing because a license is useless for them. Once you have one, you cannot deal with anonymous systems like Bitcoin.

Also, the exchangers are dealing with Bitcoin and the banks from China are not allowed to receive payments for Bitcoin anymore.

It's a matter of time until the banks will implement the new rule.

Neopath

newbie

Activity: 3

Merit: 0

Quote from: mayax on December 17, 2013, 12:48:20 AM

The first annoucement is more than enough. BTC China should be licensed but it is not.

The China gov banned ALL the financial companies to deal with Bitcoin. That includes a licensed exchanger as well.

EVEN so, the banks will close any business account related with Bitcoin.

You give the first announcement the interpretation you like and not the real one(and many others like you). That's why the second announcement will clarify the things.

BTC China will close the business in China in less than 30 days. Mark my words.

Where is the second announcement?
I am sure you can't provide anything other than the original announcement 12 days ago, and those rumour from "secret source". Mark my words.

Quote from: mayax on December 16, 2013, 11:49:26 PM

The China gov has banned all the financial companies to deal with Bitcoin is a fact already(6 days ago).

That announcement was made on 05/12, how can you end up with "6 days ago"?
Maybe all the FUD materials were prepared on 11/12?

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: mayax on December 17, 2013, 12:48:20 AM

BTC China will close the business in China in less than 30 days. Mark my words.

This is a pretty specific claim here. Care to bet on that? How much would you bet on this?

maursader

sr. member

Activity: 509

Merit: 250

Disrupt the banking system!

In all honesty, I wouldn't want to be the guy who banned bitcoin in china. I'm sure that guy has tons of eyes on his back just in china alone, let alone those invested heavily into it across the globe. Just saying. I have a feeling something's gonna suddenly change his mind.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: mayax on December 16, 2013, 10:57:59 PM

China`s Central Bank reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges

Well, today China banned exchangers to accept payments from clients who want to buy Bitcoin. BTC China(the biggest exchanger from China) is not accepting deposits anymore.Yes, the clients will still be able to sell in order to not create panic but it is a temporary solution until the end of January.

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

It only applies to 3rd party payment service. No policy saids exchanges cannot use bank services. Please stop spreading FUD.

mayax

legendary

Activity: 1470

Merit: 1004

The first annoucement is more than enough. BTC China should be licensed but it is not.

The China gov banned ALL the financial companies to deal with Bitcoin. That includes a licensed exchanger as well.

EVEN so, the banks will close any business account related with Bitcoin.

You give the first announcement the interpretation you like and not the real one(and many others like you). That's why the second announcement will clarify the things.

BTC China will close the business in China in less than 30 days. Mark my words.

Also, please do not use "FUD" because Bitcoin has itself value, right? So, what fear, what doubt? You should have more trust in your "investment"

Tlevent

newbie

Activity: 4

Merit: 0

Quote from: mayax on December 17, 2013, 12:39:40 AM

This is about a second announcement. The first one was clearly but the second one will leave no doubt. All the Bitcoin chinese exchangers will close their business until Jan 30(one month from now).

Where is the TODAY ANNOUNCEMENT you found from PBOC?
Don't tell me it is at the bottom of the link you provide, as that is just an attachment, and it is there since Dec 5.

Sorry, I can only consider your thread as FUD at this point, not because you are new, but because you cannot provide any real evidence to support your arguments.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Why are you spending so much time trying to convince us? What is your game? Given what you know to be true you have already sold all your BTC by now, right? So now just wait until the shit hits the fan and you can buy back in later. If China has really banned Bitcoins (OMG!!!) then you are sitting pretty and all you have to do is wait for the bottom to fall out.

You don't need to go to all this trouble if what you say is true, right?

BTW, this just in from another secret source:

https://bitcointalk.org/index.php?topic=374059.0;topicseen

mayax

legendary

Activity: 1470

Merit: 1004

This is about a second announcement. The first one was clearly but the second one will leave no doubt. All the Bitcoin chinese exchangers will close their business until Jan 30(one month from now).

Topic: BTC China will be closed. All Bitcoin chinese exchangers will be closed. - page 9. (Read 10054 times)