China doesn't consider Bitcoin a currency and doesn't allow financial institutions to treat it as such. Uhhh....duh?! Was anybody with any clue whatsoever actually expecting them to?!?!
China isn't allowing payment processors to handle Bitcoin transactions. Uhhh....duh?! You know what else they don't allow payment processors to handle? Gold and Silver.
All news so far from the Chinese government so far have actually been encouraging, not the other way around.
Both these China news stories that "crashed" the market were no more than clever Chinese knowing if they dumped right at that time, people in other countries would panic and start selling as well, then the Chinese could sweep in and double their bitcoins by buying back when it dropped in half.
All you people panicking are being played, 2014 is going to be a huge year for Bitcoin.
Shhhhh, I'm teaching here.