Chinese bitcoin exchanges have pulled out of the Bitcoin conference in Beijing

RockHound

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Quote from: Nagle on May 06, 2014, 12:03:50 AM

Quote from: RockHound on May 05, 2014, 11:28:21 PM

Good points YipYip - I too have wondered whether moving to a "Special Administrative Region" would be a fix.

Would just have to send:

CNY/RMB to own HK bank account...

That's illegal for mainland China residents.

Something that so many Bitcoin fanatics don't get: the use of Bitcoin in China wasn't because people wanted Bitcoins. It was because they wanted dollars, euros, or yen, outside China's exchange controls. Bitcoin was, briefly, an easy and legal way to do that. That's over.

Thanks for info mate

Pepin

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Quote from: Nagle on May 06, 2014, 12:03:50 AM

That's illegal for mainland China residents.

Something that so many Bitcoin fanatics don't get: the use of Bitcoin in China wasn't because people wanted Bitcoins. It was because they wanted dollars, euros, or yen, outside China's exchange controls. Bitcoin was, briefly, an easy and legal way to do that. That's over.

More difficult, yes, but not quite over. Besides bank transfers there are other options, such as buying online vouchers with codes, using a Bitcoin ATM, or going to their office and transacting in cash.

Mythul

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Man the day when we will ignore the chinese will never come !

Nagle

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Quote from: RockHound on May 05, 2014, 11:28:21 PM

Good points YipYip - I too have wondered whether moving to a "Special Administrative Region" would be a fix.

Would just have to send:

CNY/RMB to own HK bank account...

That's illegal for mainland China residents.

Something that so many Bitcoin fanatics don't get: the use of Bitcoin in China wasn't because people wanted Bitcoins. It was because they wanted dollars, euros, or yen, outside China's exchange controls. Bitcoin was, briefly, an easy and legal way to do that. That's over.

RockHound

full member

Activity: 224

Merit: 100

Quote from: YipYip on May 05, 2014, 07:16:39 PM

No matter how much the bears are the world is falling on our heads (i.e sub 300 prices)

We are still here at the 415 support line... I agree we may be here for a while ... Just wish

a) chinese exchanges move to HK
or
b)they all shutdown & go cook me some noodles

I know and they know who ever survives the chinese situation will reap the long term rewards and a handful of non-offical (offically) sanctioned exchanges

I am sure that already there are dinners & bribes flying left right and center and party members being appointed as board of directors on specific exchange boards

This is how the corrupt chinese regime opperates and to be fair some big business in the west

The idea that there will be no crypto in china is a joke

Good points YipYip - I too have wondered whether moving to a "Special Administrative Region" would be a fix.

Would just have to send:

CNY/RMB to own HK bank account
HK account changes CNY/RMB to HKD
Fund HK-based Exchange
Use the HKD/BTC trading pair

Seems like this would be simple enough, however do HK-based banks allow customer accounts from mainland China residents?

YipYip

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Activity: 574

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Quote from: UglyTroll on May 05, 2014, 07:31:41 PM

"Who cares about them ..really"

If you don't care, why you guys keep talking about it. Although I'm a troll

but I'm not a lier Grin

"Who cares" as in I would like some peace and quiet ...If there where no chinese in bitcoin i really really dont give a flying fruit cake !!!!

UglyTroll

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"Who cares about them ..really"

If you don't care, why you guys keep talking about it. Although I'm a troll

but I'm not a lier Grin

LostDutchman

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Activity: 476

Merit: 250

Quote from: YipYip on May 05, 2014, 07:18:40 PM

Quote from: UglyTroll on May 05, 2014, 06:53:28 PM

Quote from: YipYip on May 05, 2014, 06:39:39 PM

Plain and simple move to HK ...problem solved

I find still a lot of people don't understand a simple truth: A mainland Chinese citizen is not able to bring money to a HK bank account in a legal way, unless ...

Who cares about them ..really

They had it too good for too long... The amount of hoops that us white devils have to go through to get fiat onto& off exchanges is the reality of life

There is an old saying where there is a will there is a way Cool

That "white devils" thing really cracked me up!

My $.02.

Wink

YipYip

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Activity: 574

Merit: 500

Quote from: UglyTroll on May 05, 2014, 06:53:28 PM

Quote from: YipYip on May 05, 2014, 06:39:39 PM

Plain and simple move to HK ...problem solved

I find still a lot of people don't understand a simple truth: A mainland Chinese citizen is not able to bring money to a HK bank account in a legal way, unless ...

Who cares about them ..really

They had it too good for too long... The amount of hoops that us white devils have to go through to get fiat onto& off exchanges is the reality of life

There is an old saying where there is a will there is a way Cool

YipYip

hero member

Activity: 574

Merit: 500

No matter how much the bears are the world is falling on our heads (i.e sub 300 prices)

We are still here at the 415 support line... I agree we may be here for a while ... Just wish

a) chinese exchanges move to HK
or
b)they all shutdown & go cook me some noodles

I know and they know who ever survives the chinese situation will reap the long term rewards and a handful of non-offical (offically) sanctioned exchanges

I am sure that already there are dinners & bribes flying left right and center and party members being appointed as board of directors on specific exchange boards

This is how the corrupt chinese regime opperates and to be fair some big business in the west

The idea that there will be no crypto in china is a joke

UglyTroll

newbie

Activity: 28

Merit: 0

Quote from: YipYip on May 05, 2014, 06:39:39 PM

Plain and simple move to HK ...problem solved

I find still a lot of people don't understand a simple truth: A mainland Chinese citizen is not able to bring money to a HK bank account in a legal way, unless ...

YipYip

hero member

Activity: 574

Merit: 500

lolz ..dont give a flying fruit cake

Plain and simple move to HK ...problem solved

But no just wont to keep the CHINESE BAN propoganda train running full steam ahead

kryptopojken

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trolls, can't live with ~~can't live without them~~

UglyTroll

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No, he's not me Grin

By the way, reddit is very boring, a lot of college kids over there, I feel stupid trolling over there Wink

y3804

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Are you also wholecoin on reddit?

UglyTroll

newbie

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Unfortunately Bitcoin doesn't have tanks to support, this is the fundamental design flaw, no way to grew up Embarrassed

akujin

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They wimped out? LOL!
China will send their tanks Grin

UglyTroll

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If you feed a troll, it means you are not very smart, I hope you still handsome Grin

Torque

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Quote from: UglyTroll on May 05, 2014, 02:15:31 PM

Haha, I guess they feel too shame to be in that meeting. Chinese people feel shame on a lot of things, not like western people Grin

Dumbest statement I've read in this subforum in a while. Your username does you justice.

UglyTroll

newbie

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Haha, I guess they feel too shame to be in that meeting. Chinese people feel shame on a lot of things, not like western people Grin

Topic: Chinese bitcoin exchanges have pulled out of the Bitcoin conference in Beijing (Read 1492 times)