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Topic: China BTC Exchanges now accepting direct bank deposits! HUGE - page 3. (Read 2717 times)

legendary
Activity: 1624
Merit: 1007
This is huge for Bitcoin. And im sure part of it is showing in the price as it is highest it has been in a while. Im sure it will go even higher as there has been a lot of good news for BTC lately
newbie
Activity: 11
Merit: 0
Weren't deposits disabled because of a Chinese law? If I remember correctly they stopped allowing deposits on Bitcoin exchanges accounts and invited such exchanges to close their accounts... What happened meanwhile?

In the past two years, Chinese citizen can use vouchers or third party payment processors to deposit and withdraw money into/from exchanges. It cost money and time. Now they can do it directly. It looks the previous ban was lifted.
legendary
Activity: 1512
Merit: 1012
Weren't deposits disabled because of a Chinese law? If I remember correctly they stopped allowing deposits on Bitcoin exchanges accounts and invited such exchanges to close their accounts... What happened meanwhile?
legendary
Activity: 1470
Merit: 1001
With direct bank deposits will be easier for chinese users to buy bitcoins. But i don't think that it was a cause for the incresing on bitcoin price.
legendary
Activity: 2940
Merit: 1865
...

China has been getting a lot of press re BTC and its price jump.  It looks like, one way or another, that Chinese citizens will get to participate in all that mining going on there (approx. 58% of BTC mining is by the Chinese pools).

Perhaps Chinese citizens are now buying more BTC?

I have read a lot about rich Chinese wanting to get assets out of China.  As more Chinese are able to do this, it seems that BTC price will benefit. 

Maybe benefit big time!   Smiley
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
A bold move right there (Good for the ones with chinese bank accounts), not sure why there's all the good things lately happening in particular to bitcoin and yet there are some bad ones as well all at the same time, it's like somehow each try to cancel one another even though in different departments but the good ones out weight the bad ones, yet kinda strange
hero member
Activity: 714
Merit: 528
This might be the reason for the rise of BTC atm?

I don't think so, the rising of the bitcoin is happening this past 2 months
While this news is still fresh and just out Wink
But with this news i think the price of bitcoin will rise even further, more than we have right now Grin
Expect the price to rise more and more
full member
Activity: 121
Merit: 100
This news implication is huge.

BTCC Now Accepting Direct Bank Deposits
Nov 02, 2015

Recent bitcoin price increases have reignited enthusiasm in buying bitcoin. BTCC is confident this trend will continue. As such, we are pleased to announce that we now accept direct deposits.
 
Customers now need only log in, click on “Account,” then “Fund,” and then select the “Bank Deposit” option to fund their BTCC accounts through their bank accounts. All customers who have Chinese bank accounts will be able to make direct deposits through ATM transfers or online banking.
 
BTCC will stop accepting customer deposits through agents on November 15.
legendary
Activity: 1022
Merit: 1000
This might be the reason for the rise of BTC atm?
sr. member
Activity: 457
Merit: 274
what a time to be alive
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