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Topic: Not sure that I get what is happening on the 30th - page 2. (Read 2981 times)

hero member
Activity: 574
Merit: 500
1.21 GIGA WATTS
I think there's cause to panic about how close to the wind China's biggest exchange is sailing. They've had some pretty unorthodox methods to deposit and some seem to think they're faking their volume.

Having said that it seems virtually impossible to get a straightforward view of what is actually happening there. In this case the information superhighway has failed miserably.

So do Bter and Mtgox also have to abide by these rules since they are run from China?

these are not run or based in China
newbie
Activity: 42
Merit: 0
I think there's cause to panic about how close to the wind China's biggest exchange is sailing. They've had some pretty unorthodox methods to deposit and some seem to think they're faking their volume.

Having said that it seems virtually impossible to get a straightforward view of what is actually happening there. In this case the information superhighway has failed miserably.

So do Bter and Mtgox also have to abide by these rules since they are run from China?
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I think there's cause to panic about how close to the wind China's biggest exchange is sailing. They've had some pretty unorthodox methods to deposit and some seem to think they're faking their volume.

Having said that it seems virtually impossible to get a straightforward view of what is actually happening there. In this case the information superhighway has failed miserably.
hero member
Activity: 898
Merit: 1000
China has been co-opted by the alliance between Russia and North Korea. Putin and Kim Jong Un are taking control of the exchanges.

It has all been confirmed by reliable sources in this thread:

https://bitcointalk.org/index.php?topic=412280.220
newbie
Activity: 42
Merit: 0
Wrong. They're not being closed. They're closing down channels to get your money out after that date. There are workarounds like vouchers. I'm not sure it'll last though.

Ah so that would explain the lack of panic.  Hopefully they work out regulation.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Wrong. They're not being closed. They're closing down channels to get your money out after that date. There are workarounds like vouchers. I'm not sure it'll last though.
newbie
Activity: 42
Merit: 0
The way that I read an article a few months ago, it said that China was to completely ban Bitcoin on the 30th of January.  After I saw that people were not panicking or referencing it at all, I decided to look up the news again yesterday.  From what I now understand, the Chinese exchanges have been closed from deposits for a month and are coming back on the 30th?  

These articles are worded pretty weirdly in my opinion, or maybe I am just missing something really obvious -.-  

Could somebody please clarify the situation? Smiley

What I understand is, on 30th Jan, all chinese exchange site have to be closed down completely. I might be wrong, anybody have any idea?

Yeah it is weird because they say *until January 30th which makes no sense at all to me  Huh
sr. member
Activity: 243
Merit: 250
The way that I read an article a few months ago, it said that China was to completely ban Bitcoin on the 30th of January.  After I saw that people were not panicking or referencing it at all, I decided to look up the news again yesterday.  From what I now understand, the Chinese exchanges have been closed from deposits for a month and are coming back on the 30th?  

These articles are worded pretty weirdly in my opinion, or maybe I am just missing something really obvious -.-  

Could somebody please clarify the situation? Smiley

What I understand is, on 30th Jan, all chinese exchange site have to be closed down completely. I might be wrong, anybody have any idea?
newbie
Activity: 42
Merit: 0
The way that I read an article a few months ago, it said that China was to completely ban Bitcoin on the 30th of January.  After I saw that people were not panicking or referencing it at all, I decided to look up the news again yesterday.  From what I now understand, the Chinese exchanges have been closed from deposits for a month and are coming back on the 30th? 

These articles are worded pretty weirdly in my opinion, or maybe I am just missing something really obvious -.- 

Could somebody please clarify the situation? Smiley
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