Topic: Does China exactly ban bitcoin? - page 2. (Read 5152 times)
It will be banned as soon as bitcoin poses as a threat to their currency. It will be banned for sure.
The worst thing in China is that it is forbidden to use BTC as payment tool,which has greatly limited its use.
Chinese gov does not want to ban btc. Chinese banks do.
partially banned in China.
China just state it shouldnt be considered legitimate money for trade vs their fiat system. They offer no logical reason why... it just shouldnt.
Kinda like religion you just have to have faith.
Actually,China gov attitude towards BTC is quite neutural.
Can I open a webstie in China and sell goods for BTC then? I doubt.
Certainly you can no doubt it 
We can only speculate while this guy knows the things from inside.
The most recent interview with Bobby Lee
http://bitcoinmagazine.com/15906/interview-bobby-lee-ceo-btc-china/
The most recent interview with Bobby Lee
http://bitcoinmagazine.com/15906/interview-bobby-lee-ceo-btc-china/
Bitcoin is kind cryptocurrency, bitcoin is used for transactions on the Internet such as purchasing goods, or sell something, if china forbids its citizens to use the internet, then it implies that bitcoin was banned from use in china ...
maybe china government may be able to reconsider the ban on the use of the Internet for its citizens, hopefully ...
maybe china government may be able to reconsider the ban on the use of the Internet for its citizens, hopefully ...
if it is not, why many exchanges, btchina okcion, had continued to trade in china, and ready to trade in the world.
if it is, why he, Thomas Xie, LakeBTC CEO say “A Ban Should Target Risky Products and Foul Players, Not Bitcoin Itself”?
Also from China, but the view is quite different, how do we judge it? ban or not ban?
I think it's not quite easy to ban bitcoin completely from the country.They might have banned the buying/selling and exchanges of bitcoin throughout their nationality.But I am sure that would't stop the trade either if it is, why he, Thomas Xie, LakeBTC CEO say “A Ban Should Target Risky Products and Foul Players, Not Bitcoin Itself”?
Quote
CT: Given China’s restrictive stance on cryptocurrencies, have you faced any pressure from the authorities? Has the ban on third party processors affected your operations?
TX: Not at all. The latest official policy was published on December 5 by the five central government agencies including PBOC (People's Bank of China). It's clearly stated that Bitcoin is a type of commodity that people are free to own, buy, and sell. Other than that, everything else is speculation, hearsay or rumors. We are running a legitimate business with all required government paperwork.
That being said, there are a number of flash crashes and high-risk products provided by certain local Bitcoin exchanges. If there were a ban, it should be targeting those risky products and the foul players, not Bitcoin itself. The exchanges in question promise 0% fee forever and in the mean time are promoting high-risk businesses such as margin, short trading, and P2P lending without proper risk management. For example, there's an LTC flash crash to 1 CNY from 100 CNY in seconds, thanks to shorting trading in a platform.
TX: Not at all. The latest official policy was published on December 5 by the five central government agencies including PBOC (People's Bank of China). It's clearly stated that Bitcoin is a type of commodity that people are free to own, buy, and sell. Other than that, everything else is speculation, hearsay or rumors. We are running a legitimate business with all required government paperwork.
That being said, there are a number of flash crashes and high-risk products provided by certain local Bitcoin exchanges. If there were a ban, it should be targeting those risky products and the foul players, not Bitcoin itself. The exchanges in question promise 0% fee forever and in the mean time are promoting high-risk businesses such as margin, short trading, and P2P lending without proper risk management. For example, there's an LTC flash crash to 1 CNY from 100 CNY in seconds, thanks to shorting trading in a platform.
Also from China, but the view is quite different, how do we judge it? ban or not ban?
At least, in BeiJing and ShangHai, you can buy bitcoin with cash, though it's very inconvenient
All are using exchanges of btc for buying btc with cash.
How do they do that?
At least, in BeiJing and ShangHai, you can buy bitcoin with cash, though it's very inconvenient
All are using exchanges of btc for buying btc with cash.
It has been extremely quiet out of China for quite some time now. They used to be front page crypto news every day a few months back
Stopping all their banking institution from offering services to bitcoin exchange and broker is essentially same as a "soft" ban.
This is essentially what China has done to bitcoin. It would he nearly impossible to ban bitcoin trade because of TOR and because BTC nodes are coming online and going offline all the time and it would be nearly impossible to keep an up to date list of them all. Would be possible forbid all bitcoin related business, and make all cryptos passible with immediate confiscation, and make all money made with cryptos illegal money. This is not close to happens in China
i believe the banning of something bitcoin related in China caused the crash in January of this year.
Alot of chinese were pumping the price of BTC back in Nov-Dec, and then the rug was pulled out from under the Chinese in Jan causing volume to drop and the price to crash.
Alot of chinese were pumping the price of BTC back in Nov-Dec, and then the rug was pulled out from under the Chinese in Jan causing volume to drop and the price to crash.
China banned everything that related to bitcoin but not bitcoin...
what does it mean? it is not only problems with exchanges?
Can I open a webstie in China and sell goods for BTC then? I doubt.
There are just restrictions on Fiat but no ban on BitCoin.
At least, in BeiJing and ShangHai, you can buy bitcoin with cash, though it's very inconvenient
China banned everything that related to bitcoin but not bitcoin...
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