“It has no such issue about whether central bank should ban Bitcoin or not"

jeliman

full member

Activity: 227

Merit: 125

Quote from: Wandererfromthenorth on April 11, 2014, 09:25:08 AM

jesus christ you retards, of course china can't literally "ban" bitcoins, it's mathematically impossible.
The point is that bank accounts related to bitcoins are about to be closed. FFS the restrictions are REAL.

That "good news" is being used by whales to pump the price before dumping everything on yo' asses at a decent price.

it might be the good news bad news pump and dump scheme, but nevertheless if the majority of chineese banks are not allowed to "operate" BTC, then it surely has the capacity to weaken the BTC credibility (and price), so I would not be afraid to us the term "ban".

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

jesus christ you retards, of course china can't literally "ban" bitcoins, it's mathematically impossible.
The point is that bank accounts related to bitcoins are about to be closed. FFS the restrictions are REAL.

That "good news" is being used by whales to pump the price before dumping everything on yo' asses at a decent price.

jeliman

full member

Activity: 227

Merit: 125

Quote from: ?? on ??

China is playing with bitcoin like a cat with a mouse Undecided

right and as long as they are "communists" (ok I know they are more capitalist in a sense then EU and US together), they will not allow BTC to grow beyond their control (Qcoin is their historical lesson)

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

:- Ban No Ban Ban No Ban ban Noban....! do you know what I'll put this into totally Ignore now ..! :p

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: y3804 on April 11, 2014, 08:22:36 AM

PBOC never banned bitcoin as a trading asset. True. However they sent out memos to banks to terminate accounts dealing with Bitcoin related services, making it harder to trade, withdraw to RMB, etc. This is to protect the value of RMB

Where's your BREAKING CHINA NOT BANNING BITCOIN, STRIAGHT FROM THE HORSES MOUTH post, or do you not love posting those ones as much as the others?

Mikellev

sr. member

Activity: 308

Merit: 250

Quote from: p0peji on April 11, 2014, 09:07:58 AM

Quote from: Mikellev on April 11, 2014, 09:05:45 AM

Please dont forget this:

............China would seek to freeze the ability of major exchanges to conduct yuan deposits. Major exchanges have begun receiving notifications of account closures, and at present, Xiaochuan’s statements do not suggest a change in this policy.

^ exactly this. Nothing has changed, China was never going to ban bitcoin.

But the will close the accounts of the exchanges.

p0peji

sr. member

Activity: 266

Merit: 250

Quote from: Mikellev on April 11, 2014, 09:05:45 AM

Please dont forget this:

............China would seek to freeze the ability of major exchanges to conduct yuan deposits. Major exchanges have begun receiving notifications of account closures, and at present, Xiaochuan’s statements do not suggest a change in this policy.

^ exactly this. Nothing has changed, China was never going to ban bitcoin.

Mikellev

sr. member

Activity: 308

Merit: 250

Please dont forget this:

............China would seek to freeze the ability of major exchanges to conduct yuan deposits. Major exchanges have begun receiving notifications of account closures, and at present, Xiaochuan’s statements do not suggest a change in this policy.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: y3804 on April 11, 2014, 08:22:36 AM

PBOC never banned bitcoin as a trading asset. True. However they sent out memos to banks to terminate accounts dealing with Bitcoin related services, making it harder to trade, withdraw to RMB, etc. This is to protect the value of RMB

Thats not true. Only cashing out of RMB would hurt the value of RMB.

This banking closure is typical. You cant open an exchange for gold freely in China. Neither can you with bitcoin.

I say mining economy is booming in China. And from all the sales of mining equipments, Chinese actually receive influx of westerns money (the vendors or farms dont actually sell their btc on Chinese exchanges, they sell on foreign exchanges and wire fiat funds back into China). China will remain the largest mining gear producer.

Sawadekub

full member

Activity: 350

Merit: 102

Coindesk wont lie.. this time is quote from governor.. not some reporters think they saw the leaked document LOL

Sawadekub

full member

Activity: 350

Merit: 102

No more cat and mouse they are clear this time rou d
Go read fools..

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

Sawadekub

full member

Activity: 350

Merit: 102

Wheres the proof that they send? No proof = means your a fool that believe fud period

y3804

sr. member

Activity: 406

Merit: 250

PBOC never banned bitcoin as a trading asset. True. However they sent out memos to banks to terminate accounts dealing with Bitcoin related services, making it harder to trade, withdraw to RMB, etc. This is to protect the value of RMB

HorseRider

donator

Activity: 1120

Merit: 1001

Question: I am a Southern Metropolis Daily reporter, the central bank in the future will ban Bitcoin or not, and why? Federal Reserve Bank of the future will be like as a relatively independent of the government?

Zhou Xiaochuan: As we have discussed previously, Bitcoin had not been started by the central bank, nor had been approved by the central bank, we also have mentioned nothing about ban. What is our main concern? Bitcoin is like an asset that can be traded, not quite like money. For example, in the past it was stamp colletion, people also says about the Price, but it was mainly collections, being traded as an asset but not money, so it should has no such issue about whether we central bank should ban Bitcoin or not.

Notes: Zhou Xiaochuan is the president of PBOC, the central bank of China.

Quote

提问：我是南方都市报的记者，央行未来会不会取缔比特币，为什么？央行未来会不会像美联储那样相对独立于政府？

周小川：你第二个问题刚才已经讨论过了，比特币本来也不是央行启动的，也不是央行批准的一个币，我们也谈不上什么取缔。现在我们主要担忧的是什么呢？就是这个比特币像是一种能够交易的资产，不太像支付货币，所以他不太像是一个，比如过去有人集邮，上面也写着价钱，但是他主要是收藏品，作为资产来作为交易，并不是支付性的货币，所以应该说不属于我们有没有一个什么取缔的问题。

http://tech.ifeng.com/internet/special/bitcoin-news/content-3/detail_2014_04/11/35692596_0.shtml

Topic: “It has no such issue about whether central bank should ban Bitcoin or not" (Read 976 times)