Bitcoin Forum

Economy => Speculation => Topic started by: yomofo on April 04, 2014, 03:13:56 PM



Title: BTC38 received a notice from one of the main banks in China
Post by: yomofo on April 04, 2014, 03:13:56 PM
http://www.weibo.com/btc38?topnav=1&wvr=5&topsug=1

google translate:
Quote
We received a clear Merchants Bank, Shenzhen Branch of China Construction Bank's notice, that it could not continue to provide settlement for the Bitcoin industry, so we can not continue to use the public accounts

Bing Translation:

Quote
Construction Bank, China Merchants Bank Shenzhen branch had informed us, cannot continue for clearing bitcoin industry, so we cannot be used for public accounts, personal card is even more impracticable. We have also consulted the banks such as Citigroup, people's livelihood, and also feedback cannot be provided in other accounts. Some people deliberately times intentionally shut down recharge Samadhi operation, if that is the case, we OKCOIN there would be no price difference.


Title: Re: BTC38 received a notice from one of the main banks in China
Post by: atp1916 on April 04, 2014, 03:45:45 PM
China has (officially) decoupled their fiat institutions / payment processors from virtual currencies.  This is entirely expected and welcomed.  

90% of the speculation has just been eliminated (for now at least).  The price of a bitcoin can finally stabilize (up).

In related news, not a single exchange over there has had its bitcoin trading abilities diminished.  



Title: Re: BTC38 received a notice from one of the main banks in China
Post by: cosmofly on April 04, 2014, 06:41:09 PM
Excellent

Once again I'm proven right


Title: Re: BTC38 received a notice from one of the main banks in China
Post by: GigaCoin on April 04, 2014, 09:26:22 PM
Excellent

Once again I'm proven right

Such arrogance. I can't believe someone that claims he's always right. That's just completely unlogical and highly probably a fat lie. People see through such nonsense you know, so no need to keep up appearances.

As annoying as it is, in a way he was right as indeed he said/predicted the China bank ban news is real a week ahead, but we laughed at him as we always do  :D

Anyways I think this China stuff is getting priced in the $400 range the future does seem grim for bitcoin in china as it has potential for people to launder their money easily out of China. Unless they regulate it instead somehow which can be a positive outcome.

We will have to deal with the volitality that comes with the Chinese gov flip flopping until they make a final decision. Might be soon or a whilr