Topic: So what happened in China today? - page 2. (Read 1319 times)
So all the news did was to bring btc price down so they could buy cheap btc
The 15th is almost over in China; anyone know if the expected bans came into force?
There is no ban.
http://www.coindesk.com/pboc-deadline-day-business-usual-btc-china/
There are three important points to remember in this series of events: firstly, despite some stating otherwise, China has not ‘banned bitcoin‘.
Secondly, any leaked opinions so far referred to funding bitcoin exchange accounts through bank deposits. Bank accounts were never in danger of being frozen, and the ability to withdraw funds from exchanges to bank accounts was not in question. Chinese exchanges also work with multiple banks at a time, with the ability to transfer funds between them.
Thirdly, and most significantly, all reports from China concerning banks and bitcoin exchanges so far are unofficial. To date there has been no ruling or policy statement by the People’s Bank of China on the matter, and any actions taken by Chinese banks were precautionary only.
“We’re still fully holding all customer assets, I want to emphasize that,” Lee continued.
So yeah nothing special today...
China never "banned" bitcoin. That's largely BS that was spread by people trying to short sell BTC. China did make rules about banks not investing in BTC and I believe they are not allowed to denominate depositor's accounts in BTC.
china has not banned BTC, that is why price is going up.
I think the sellers are done selling their btc, lets see whats happens in next 3 days
The 15th is almost over in China; anyone know if the expected bans came into force?
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