So they are legal, but you aren't allowed to buy them? Is that right?
Not exactly, they let it hard to buy bitcoins. So lots of speculators quited.
Topic: chinese state TV (CCTV) just talked about bitcoin & chinese central bank (Read 1081 times)
December 17, 2013, 05:31:45 AM
Not exactly, they let it hard to buy bitcoins. So lots of speculators quited.
December 17, 2013, 05:24:21 AM
So we're about to see a nice new drop with these news?
No, this is the news we already knew as of 24 hours ago.
From now on out Chinese people can invest in BTC through Chinese banks depositing into exchanges directly. It is the same rules as investing in gold and silver. And just like with gold and silver, citizens will not be allowed to send money to exchanges by 3rd party processors.
December 17, 2013, 05:23:13 AM
No.
The only way you can buy bitcoins is through bank transfers, not through "payment processors".
The only way you can buy bitcoins is through bank transfers, not through "payment processors".
December 17, 2013, 05:13:12 AM
So they are legal, but you aren't allowed to buy them? Is that right?
December 17, 2013, 05:07:33 AM
So we're about to see a nice new drop with these news?
December 17, 2013, 05:01:34 AM
roughly translated:
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
Yes but did they say people are still allowed to buy it, IE: send money into the exchanges?
This should be an answer if above is true:
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
December 17, 2013, 05:00:45 AM
roughly translated:
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
Yes but did they say people are still allowed to buy it, IE: send money into the exchanges?
December 17, 2013, 04:36:09 AM
Bitcoin is virtual currency? I think you missed it.
He did, it's called a virtual commodity and not a currency, which is half the point of the China debate.
December 17, 2013, 04:22:51 AM
Bitcoin is virtual currency? I think you missed it.
December 17, 2013, 04:19:22 AM
Chinese want cheap coins I guess.
December 17, 2013, 04:10:01 AM
roughly translated:
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
* Bitcoin is virtual currency and legality has been classified
* Reports say Bank of China directed payment processors to stop doing business with Bitcoin businesses
* Personal holding and transfers still allowed
* People speculate this may be the end of rise of bitcoin
This was just on CCTV
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