Topic: How will the April 15th event effect the price of bitcoin? (Read 751 times)
That seems to be the case. It will happen gradually until bitcoin is virtually or completely banned. Bitcoin is way too dangerous to the existing power structure to be permissible.
For all you guys thinking this will all be over by 4/15 and don't understand how the Chinese gov't does things, it's called "Moving the goal posts."
Please let me explain with a brief synopsis:
Date: 4/1
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges by 4/15."
Exchanges: "So.. bank accounts aren't affected then?"
PBOC: "We just said 3rd party payment processors, didn't we?"
Exchanges: "Ok, cool."
Date: 4/20
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges immediately."
Exchanges: "Done, as of 4/15."
PBOC: "And bank accounts too."
Exchanges: "What?? You said just 3rd party payment processors only??"
PBOC: "Well you heard that wrong. It affects bank accounts too, but only for withdrawal, not deposit."
Exchanges: "Ok.."
Date: 5/1
PBOC: "All bank accounts have to cut off ALL ties to bitcoin exchanges immediately."
Exchanges: "What?? You said bank accounts were fine but only for withdrawal, not deposit??"
PBOC: "Well you heard that wrong. Bank accounts for *anything* bitcoin related."
Exchanges: "Shit."
Date: 5/15
Chinese Gov't: "All bitcoin related vouchers will be deemed illegal, effective immediately."
Exchanges: "What?? How will we even operate?"
Chinese Gov't:
Please let me explain with a brief synopsis:
Date: 4/1
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges by 4/15."
Exchanges: "So.. bank accounts aren't affected then?"
PBOC: "We just said 3rd party payment processors, didn't we?"
Exchanges: "Ok, cool."
Date: 4/20
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges immediately."
Exchanges: "Done, as of 4/15."
PBOC: "And bank accounts too."
Exchanges: "What?? You said just 3rd party payment processors only??"
PBOC: "Well you heard that wrong. It affects bank accounts too, but only for withdrawal, not deposit."
Exchanges: "Ok.."
Date: 5/1
PBOC: "All bank accounts have to cut off ALL ties to bitcoin exchanges immediately."
Exchanges: "What?? You said bank accounts were fine but only for withdrawal, not deposit??"
PBOC: "Well you heard that wrong. Bank accounts for *anything* bitcoin related."
Exchanges: "Shit."
Date: 5/15
Chinese Gov't: "All bitcoin related vouchers will be deemed illegal, effective immediately."
Exchanges: "What?? How will we even operate?"
Chinese Gov't:
Chinese exchanges having their bank accounts shut down.
Ah, well yeah, its not like ppl are gonna be taken by surprise. Too bad tho.
Chinese exchanges having their bank accounts shut down.
What happens on April 15 besides getting butthurt by the IRS?
Same as the 31st of January. It's already happening long before. The day itself will be a damp squib.
How will the April 15th event effect the price of bitcoin?
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