Bitcoin Forum

Poll: What will happen on April 15th 2014?
http://www.reddit.com/r/Bitcoin/comments/21jv4r/heres_what_is_going_on_in_china/

I think some of the whales in China will be able to confirm whether BTC is going to be banned or not before the 15th and will act accordingly. Obviously those in the know aren't exactly going to share this info and will try to use it to their benefit. If the price is going to crash, we'll see if before then.

from what i read in reddit, so PBOC try to hide their motive to banned any financial institution who have any related with BTC activity
and making deadline in april 15th
and then someone leaked it to internet and this fuck*ng crazy dumping happen?

But... AFAIK the Chinese with money enough to play with Bitcoin doesn't need the Chinese banks for nothing, they have money scattered all over Europe and US. The ones fully dependant of Chinese banks barely have enough for rice, leave alone Bitcoins.

According to Bobby Lee of BTCChina, at the height of the bubble he did some demographic analyses of his customers and the vast majority (+95%) of them were upper-middle class retail investors, not institutional investors. Most of these people do not have foreign bank accounts.

Millions of regular Chinese folks can afford a car. This means they can afford a few satoshis too. There are plenty of people with a bit of money in the world without webs of offshore slipperiness.