I am just wondering what exactly is banned in China? Funding exchanges with fiat for sure. Is selling goods for BTC illegal?
bitcoin is defined as a commodity by China gov.
Topic: Does China exactly ban bitcoin? - page 3. (Read 5152 times)
bitcoin is defined as a commodity by China gov.
I am just wondering what exactly is banned in China? Funding exchanges with fiat for sure. Is selling goods for BTC illegal?
I don't think it is, I just think exchnages are heavily restricted. China has massive mining operations there so it's obviously not banned.
I am just wondering what exactly is banned in China? Funding exchanges with fiat for sure. Is selling goods for BTC illegal?
just the other man on china who want's to monoply their country.
may be we could be the threat for him..
who knows
may be we could be the threat for him..
who knows
I don't believe it is banned to be honest I believe there are just a lot of restrictions on bitcoins in China. I know a few people myself who are from China who exchange bitcoins, I don't see them being as brave if there was a total ban however I could be wrong.
Pretty sure that there is no ban, but it would ban the shady trade and fake volume for some china exchanges
keep us posted with the nut bust 
Yea China is big in mining. I do not think any ASIC manufacturer can make their chips competitive no matter if it is 20nm or less. China will produce it in older technology and sell it for pennies.
Yea China is big in mining. I do not think any ASIC manufacturer can make their chips competitive no matter if it is 20nm or less. China will produce it in older technology and sell it for pennies.
The banning on banks to service exchange can't last long.
Most high end ASIC miners are now being produced in China, If bitcoin does well, this will benefit the country directly.
Most high end ASIC miners are now being produced in China, If bitcoin does well, this will benefit the country directly.
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
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. 
I don't believe it is banned to be honest I believe there are just a lot of restrictions on bitcoins in China. I know a few people myself who are from China who exchange bitcoins, I don't see them being as brave if there was a total ban however I could be wrong.
I do trade with a chinese bitcoin trader now, he uses western union and other types of excahing services that lets him get bitcoin for yuan.
Won't the fees really kill his margins?
I do trade with a chinese bitcoin trader now, he uses western union and other types of excahing services that lets him get bitcoin for yuan.
Yes china ban bitcoin but the exchange site can easily move their company to hong kong...
No, they just put lots of restriction about moving fiat and bitcoin and forbid it to be used like a currency.
Only country to really ban bitcoin is Ecuador.
Only country to really ban bitcoin is Ecuador.
of course not，i can still buy and sell easily.
They don't mean to ban BTC. They ban third party transferring processing channels and touch BTC of financial institutions. The gov is against crazy speculation. The activities in exchange is carrying on, deposit, withdrawal,trading etc.
But more speculative products being released by huobi and okcoin
Until now, Chinese goverment is not banned bitcoin extrange website, like okcoin and huobi and btcchina and chinabtc.
All these website is working well, and i think is more convenient than btc-e and bitstamp. people here in China could buy bitcoin in 1 minute and sell bitcoin in 1 minute and get the Really mony in about 24 hours(mostly in 2-3 hours).
As Chinese stock market is week since 2008, so some geeks investage BTC, its convinent make here became the largest bitcoin extrange market in the World.
We hate bad news from Chinese goverment too, but at least news since this year not destroy the market here, even make people more confident as the most bad news seems gone, then what we need to afraid.
All these website is working well, and i think is more convenient than btc-e and bitstamp. people here in China could buy bitcoin in 1 minute and sell bitcoin in 1 minute and get the Really mony in about 24 hours(mostly in 2-3 hours).
As Chinese stock market is week since 2008, so some geeks investage BTC, its convinent make here became the largest bitcoin extrange market in the World.
We hate bad news from Chinese goverment too, but at least news since this year not destroy the market here, even make people more confident as the most bad news seems gone, then what we need to afraid.
They don't mean to ban BTC. They ban third party transferring processing channels and touch BTC of financial institutions. The gov is against crazy speculation. The activities in exchange is carrying on, deposit, withdrawal,trading etc.
I am in Shanghai and Id say our government is more cautious than anything else. I mean access to this forum is quite liberal given we have trouble accessing YT FB and other places where open discussions can exist
No summary executions? No ban.
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