Bitcoin Forum

Do I understand this correctly - china doesn't hate Bitcoin it classes it as a virtual commodity rather than a currency, the recent moves to restrict 3rd party payment providers is to better guard against money laundering in that money must move from only Chinese accounts into Bitcoin exchanges and visa versa.

I'm not sure.  The only thing I'm sure of is something something, sources, sources, ban, China, government, banks, sources, sources, bitcoin, sources, illegal.  Therefore, sell.

China is "now cracking down harder" not just on Bitcoin but most other digital currencies, including Litecoin. "PBOC does not like it, does not want it to become another speculative bubble here. Tough to fight the PBOC,"

Read more: http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12#ixzz2nk6Pt5Zt

It's confirmed.  I'm reading the ruling on the PBOC website right now. 

China is still the world's easiest place to buy bitcoins - 12 established exchanges - free bank transfers, 0.3%. http://btckan.com/price
It's a Bitcoin paradise compared to the 'freedoms' of the USA.

Can you post a URL link to what you're reading?

Here it is (http://www.pbc.gov.cn/publish/goutongjiaoliu/2956/2013/20131114165457292507149/20131114165457292507149_.html).

Quick translation of a few sentences from sources:  "Flow of state currency into bitcoin must be controlled and eventually stopped.  After the New Year all bitcoin transactions in China will be suspended.  We, at the PBoC, do not like bitcoin.  We do not want it to become another speculative bubble here.  It will be tough to fight us."

Other news sources will be referencing this official release soon.  Looks like we're headed for another leg down after this authentic report.

Are you sure that is the correct link? I didn't see what you wrote.

Yep, that's the right one.  I checked it with sources.  Also, it was confirmed on twitter.  Can't find the link now, I think it was deleted.  But sources confirmed it, so it's definitely true.

they talk about a lot of stuff there (currency deposits, credit, real estate) but sure as hell not about bitcoin! wrong link or just FUD?

ROFL! you don't belive that yourself, right?!

China knows what Bitcoin will do to it, they have to control their population. They have had their Iron grip on the population for too long, to let it get out of their control now would destroy them; They have no choice.

Bitcoin is extremely disruptive it returns monetary control to the population, Monetary control can give a nation a way to manipulate the market, without that, bad market decisions correct themselves drastically, in essence, Bitcoin economically spanks you for making bad choices, it forces people to learn to express their economic power rationally.

But anyway, it just means there will be no Chinese places to spend those bitcoins, they'll have to purchase from abroad... their loss. So who wants to start up the first Chinese Proxy Escrow so these poor deprived people can spend and hold their bitcoins abroad? A Barter Exchange System could bypass these regulations, everyone has something they are willing to exchange for something else, there are no laws against people sending products abroad to receive goods in exchange are there? :)

Can not see it either...