They just made life difficult for bitcoin companies.
This. It makes it more difficult, but with decentralized things like Bitcoin it will be impossible to totally 'ban' it. That's the beauty of Bitcoin. 
Topic: Does China exactly ban bitcoin? - page 4. (Read 5174 times)
They just made life difficult for bitcoin companies.
Chinese is hard on BTC, banning means nothing.
i think no, maybe they just warn all people to not use btc 
if remember right, anything happen with your BTC. police won't help
if remember right, anything happen with your BTC. police won't help
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?
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?
Do you read about Chines physical btc coin?? NO, i don't think, that it's possible. They can't ban btc.
Stopping all their banking institution from offering services to bitcoin exchange and broker is essentially same as a "soft" ban.
i think you can just not buy them on exchange, but i'm not sure
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?
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?
Jump to: