[FUD] China prohibits banks providing settlement services to Bitcoin Exchange - page 3.

LiteCoinGuy

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In Satoshi I Trust

Quote from: CIYAM on December 16, 2013, 08:36:40 AM

Quote from: Spekulatius on December 16, 2013, 08:33:50 AM

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

If it turns out to be really not possible to withdraw or deposit RMB then you can expect to see btcchina disappear pretty soon (hopefully the truth is just website bugs and some rather poor timing followed by some rather clever FUD).

thats the bitcoin world, haha Cheesy

one guy posted something and alot of people get crazy but nobody knows anything. we are in the very early phase of bitcoin Wink

you can even say that this is good/neutral news because: the 3 CEOs of the biggest exchanges meet some regulators and they will discuss the money laundering problem. so whats the problem of this? cant see something bad. they will talk about how they can avoid that laundering.

DTYJ

newbie

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Quote from: Abdussamad on December 16, 2013, 08:54:45 AM

Quote from: DTYJ on December 16, 2013, 08:51:27 AM

Not sure what It's really saying as my main language isn't really chinese.. But what I could ROUGHLY figure out is that he/she is say that "Bitcoin" is used for money laundering etc .. and he want investors to stop supporting it or ..?

THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..

"http://tieba.baidu.com/p/2763806115" - Translation

Who is this person and why does he matter?

I've no Idea who is he, but to translate his name to "English" it would be "Lee Wen Buo". Not sure If It rings any bell to the bitcoin community.

Here is his profile "http://www.weibo.com/wenboli?&topnav=1&topsug=1"

btbrae

hero member

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Well don't forget btcchina has a 10 BTC withdrawal limit. I mean this looks like FUD, but still... be very careful how much you leave on all the exchanges these days imo.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Just to update in regards to btcchina - withdrawals in RMB are still working (they are just not working in the "old web design" version of the website).

I think it's important to not spread FUD but to instead work out what is actually happening.

Abdussamad

legendary

Activity: 3612

Merit: 1564

Quote from: DTYJ on December 16, 2013, 08:51:27 AM

Not sure what It's really saying as my main language isn't really chinese.. But what I could ROUGHLY figure out is that he/she is say that "Bitcoin" is used for money laundering etc .. and he want investors to stop supporting it or ..?

THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..

"http://tieba.baidu.com/p/2763806115" - Translation

Who is this person and why does he matter?

DTYJ

newbie

Activity: 16

Merit: 0

Not sure what It's really saying as my main language isn't really chinese.. But what I could ROUGHLY figure out is that he/she is say that "Bitcoin" is used for money laundering etc .. and he want investors to stop supporting it or ..?

THIS IS JUST A ROUGH ASSUMPTION as my chinese is not that "Elite". And I think this article has something which concerns money laundering etc ..

"http://tieba.baidu.com/p/2763806115" - Translation

chsados

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Weibo : http://e.weibo.com/okcoin

Terrible translation: "We still do not quote, and wait for the end of today's meeting of the third party payment."

Quote from: Abdussamad on December 16, 2013, 08:40:49 AM

Quote from: chsados on December 16, 2013, 08:38:22 AM

Quote from: CIYAM on December 16, 2013, 08:36:40 AM

Quote from: Spekulatius on December 16, 2013, 08:33:50 AM

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

If it turns out to be really not possible to withdraw or deposit RMB then you can expect to see btcchina disappear pretty soon.

Or could make price inflate like Gox Huh

Here is what started it all: http://tieba.baidu.com/p/2763806115

Can someone explain in English for those of us who don't understand Mandarin?

Google translate it

TLDNR; there is a meeting with regulators and all 3rd payment processors in china, and is not just two CEOs of payment processors in Chine made a weibo post saying transactions to exchanges will be banned, they later deleted both posts after the panic sell they triggered in china

Abdussamad

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Activity: 3612

Merit: 1564

Quote from: chsados on December 16, 2013, 08:38:22 AM

Quote from: CIYAM on December 16, 2013, 08:36:40 AM

Quote from: Spekulatius on December 16, 2013, 08:33:50 AM

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

If it turns out to be really not possible to withdraw or deposit RMB then you can expect to see btcchina disappear pretty soon.

Or could make price inflate like Gox Huh

Here is what started it all: http://tieba.baidu.com/p/2763806115

Can someone explain in English for those of us who don't understand Mandarin?

chsados

hero member

Activity: 662

Merit: 545

Quote from: CIYAM on December 16, 2013, 08:36:40 AM

Quote from: Spekulatius on December 16, 2013, 08:33:50 AM

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

If it turns out to be really not possible to withdraw or deposit RMB then you can expect to see btcchina disappear pretty soon.

Or could make price inflate like Gox Huh

Here is what started it all: http://tieba.baidu.com/p/2763806115

CIYAM

legendary

Activity: 1890

Merit: 1078

Ian Knowles - CIYAM Lead Developer

Quote from: Spekulatius on December 16, 2013, 08:33:50 AM

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

If it turns out to be really not possible to withdraw or deposit RMB then you can expect to see btcchina disappear pretty soon (hopefully the truth is just website bugs and some rather poor timing followed by some rather clever FUD).

Anotheranonlol

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Activity: 588

Merit: 504

Quote from: chsados on December 16, 2013, 08:29:52 AM

Quote from: Anotheranonlol on December 16, 2013, 08:24:59 AM

李笑来转发造假微博假冒央行支付司
建议党国把他抓起来十万比特币充公。

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://tieba.baidu.com/p/2763600442&prev=/search%3Fq%3D%25E6%259D%258E%25E7%25AC%2591%25E6%259D%25A5%25E8%25BD%25AC%25E5%258F%2591%25E9%2580%25A0%25E5%2581%2587%25E5%25BE%25AE%25E5%258D%259A%2B%25E5%2581%2587%25E5%2586%2592%25E5%25A4%25AE%25E8%25A1%258C%25E6%2594%25AF%25E4%25BB%2598%25E5%258F%25B8%2B%25C2%25A0%2B%25E5%25BB%25BA%25E8%25AE%25AE%25E5%2585%259A%25E5%259B%25BD%25E6%258A%258A%25E4%25BB%2596%25E6%258A%2593%25E8%25B5%25B7%25E6%259D%25A5%2B%25E5%258D%2581%25E4%25B8%2587%25E6%25AF%2594%25E7%2589%25B9%25E5%25B8%2581%25E5%2585%2585%25E5%2585%25AC%25E3%2580%2582%26num%3D100

good job

Spekulatius

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Activity: 1022

Merit: 1000

Quote from: chsados on December 16, 2013, 08:06:48 AM

Now BTCChina adding trading fees - somethings up for sure!

BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013

Now let's see what the 'real' volume is like (IF they report the correct numbers)..

chsados

hero member

Activity: 662

Merit: 545

Quote from: Anotheranonlol on December 16, 2013, 08:24:59 AM

李笑来转发造假微博假冒央行支付司
建议党国把他抓起来十万比特币充公。

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://tieba.baidu.com/p/2763600442&prev=/search%3Fq%3D%25E6%259D%258E%25E7%25AC%2591%25E6%259D%25A5%25E8%25BD%25AC%25E5%258F%2591%25E9%2580%25A0%25E5%2581%2587%25E5%25BE%25AE%25E5%258D%259A%2B%25E5%2581%2587%25E5%2586%2592%25E5%25A4%25AE%25E8%25A1%258C%25E6%2594%25AF%25E4%25BB%2598%25E5%258F%25B8%2B%25C2%25A0%2B%25E5%25BB%25BA%25E8%25AE%25AE%25E5%2585%259A%25E5%259B%25BD%25E6%258A%258A%25E4%25BB%2596%25E6%258A%2593%25E8%25B5%25B7%25E6%259D%25A5%2B%25E5%258D%2581%25E4%25B8%2587%25E6%25AF%2594%25E7%2589%25B9%25E5%25B8%2581%25E5%2585%2585%25E5%2585%25AC%25E3%2580%2582%26num%3D100

Anotheranonlol

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Activity: 588

Merit: 504

李笑来转发造假微博假冒央行支付司
建议党国把他抓起来十万比特币充公。

CIYAM

legendary

Activity: 1890

Merit: 1078

Ian Knowles - CIYAM Lead Developer

Quote from: p2pbucks on December 16, 2013, 08:18:02 AM

There's no such city selection part in any browser

Am talking about btcchina not the other exchange you mentioned.

e521

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goxxed again Roll Eyes

p2pbucks

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Evolution is the only way to survive

Quote from: CIYAM on December 16, 2013, 08:09:50 AM

Quote from: p2pbucks on December 16, 2013, 08:06:56 AM

No， there is no need to enter city details . All you need to provide is 1.bank name 2. account number 3. Your name . ( It's OKCOIN's rules, i'm not using BTCC now so not sure about BTCC )

Just tried that - it says you need to enter the city (which you can't). What browser are you using btw?

There's no such city selection part in any browser

http://p2pbucks.com/2.png

CIYAM

legendary

Activity: 1890

Merit: 1078

Ian Knowles - CIYAM Lead Developer

Quote from: EvilPanda on December 16, 2013, 08:07:33 AM

How can BTC market be taken seriously in the world if some kid with his laptop can cause panic selling?

This is not just that - the problems are real even if they might only be some glitches (and the rumors are spreading).

coastermonger

sr. member

Activity: 367

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Find me at Bitrated

Quote from: chsados on December 16, 2013, 08:06:48 AM

Now BTCChina adding trading fees - somethings up for sure!

BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013

Can you please provide a URL link or a screenshot for this? I don't have direct access to BTCChina

CIYAM

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Activity: 1890

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Ian Knowles - CIYAM Lead Developer

Quote from: p2pbucks on December 16, 2013, 08:06:56 AM

No， there is no need to enter city details . All you need to provide is 1.bank name 2. account number 3. Your name . ( It's OKCOIN's rules, i'm not using BTCC now so not sure about BTCC )

Just tried that - it says you need to enter the city (which you can't). What browser are you using btw?

Topic: [FUD] China prohibits banks providing settlement services to Bitcoin Exchange - page 3. (Read 18499 times)