I understand that withdrawing BTC from Huobi and such is still possible? If so, I do not believe we can have Gox-style decoupling - arbitrage, a.k.a. dumping Chinese coins on Bitsamp and such is still possible. It was complete inability to withdraw anything from Gox that coused its prices to decouple.
That is my understanding too.Yes but arbing only works for so long when you cant get money back into a Chinese exchange.
Even if all "easy" deposit channels are cut off, I imagine that there will be ways to get money into the exchanges, e.g. taking cash to their offices. Perhaps even after May 10.Arbitrage seems to be a lucrative activity for those who have the skills and tools, so they have enough motivation and money to find a way.
Lol. Taking cash to their offices? That is worst case scenario for the Chinese exchanges.They certainly won't make manual trades on a large scale. The only way is to move offshore.
All of you guys expect Chinese exchanges to somehow find another workaround. PBOC will ban these workarounds every time. They want the exchanges to move out. They're not banning exchanges themselves, but all the ways to make an exchange profitable.
Now they're taking down China Merchants Bank, the only bank offering fiat deposit for BTCChina. Do you really think these guys want to handle cash deposits? lmao
Look at FXBTC. All they've said has been true up to now. They've now closed their exchange. suspended fiat deposit and withdrawals. they knew that the ban was real since the beginning. its only chinese exchanges who want to somehow play around the pboc guidelines. this wont last long, i promise
. So far the volume there is still nominally high, if true.
