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Topic: China orders banks to shut Bitcoin exchange accounts - page 2. (Read 3440 times)

full member
Activity: 237
Merit: 100
I follow this story further on http://www.coindesk.com/bitcoin-price-drops-new-chinese-bank-rumours/
Coindesk seems more serious in comparison to all these rumour news sites
sr. member
Activity: 313
Merit: 250
how much longer until we will know for sure that this was a hoax ?
legendary
Activity: 1258
Merit: 1027

True or not, looks like markets coming back up after a ~10% drop on the news...

newbie
Activity: 56
Merit: 0
Quote
The requirement, which Caixin saw in a document the central bank's headquarters recently sent to regional offices, says money can be taken from the accounts before the deadline, but no deposits can be made. Banks that fail to close the accounts will be punished, the PBOC said, but it did not elaborate on what those punishments would be.

Caixin would be taking a big risk lying about seeing this document.  I'm gathering Bloomberg feels the same way.  It may turn out to be rubbish but it doesn't look good either.
legendary
Activity: 1258
Merit: 1027
So basicly someone reposted old article that was proven to be false? Or is there this time some proof behind it?

No, they claim its breaking news, here is the original article bloomberg referenced dated today:

http://english.caixin.com/2014-03-27/100657518.html
legendary
Activity: 1260
Merit: 1029
Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
No this is fresh this morning (or last night in China)

So basicly someone reposted old article that was proven to be false? Or is there this time some proof behind it?
hero member
Activity: 1582
Merit: 502
Gee.... more FUD to buy cheap coins...


^^^^ EXACTLY!!!!
legendary
Activity: 1258
Merit: 1027
Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
No this is fresh this morning (or last night in China)
hero member
Activity: 658
Merit: 500
Gee.... more FUD to buy cheap coins...
hero member
Activity: 1582
Merit: 502
It's OK, they are just trying to bring the BTC price down so they can buy more coins cheaper.

Trying?

True it has dropped quite a bit but, are you panicking?

member
Activity: 98
Merit: 10
Bad news trying to cause panic selling

You mean they as in Goldman Sachs?
legendary
Activity: 1260
Merit: 1029
Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
hero member
Activity: 1582
Merit: 502
It's OK, they are just trying to bring the BTC price down so they can buy more coins cheaper.

Those who know HODL!
full member
Activity: 210
Merit: 100
Bad news trying to cause panic selling
newbie
Activity: 56
Merit: 0
When the news service Caixin reported this this morning CoinDesk called it "Unfounded rumors"....

Now bloomberg has picked it up, as factual news:

http://www.bloomberg.com/news/2014-03-27/pboc-orders-banks-to-shut-bitcoin-exchange-accounts-caixin-says.html

If this is true I'd say its a pretty big bummer for the Chinese and a blow to the overall Bitcoin economy, but not a death blow....

Thoughts?

They haven't picked it up as factual news, they are simply reporting what Caixin is reporting.  That's why it says, "Caixin says" at the end of the title and includes in the first paragraph, "according to a Caixin news report today."  This allows them to report on the Caixin report, but can back track if it's false and simply blame Caixin.

sr. member
Activity: 313
Merit: 250
In case it's not a hoax I wonder what the bottom price could be ?  
member
Activity: 98
Merit: 10
So either it's another hoax, rehashed from the old story and people are so stupid as to fall for it

OR

China for some impressive coincidence just did what the hoax said they would


Either way, weird.
sr. member
Activity: 259
Merit: 250
I feel this is a hoax.
legendary
Activity: 1321
Merit: 1007
http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now

That site shows buys and sells. Probably alot of people selling in China
legendary
Activity: 2674
Merit: 2965
Terminated.
http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now
That site isn't working correctly.
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