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Title: BTC China stops Bank of China deposits today 5/6/14 Post by: yomofo on May 06, 2014, 01:48:54 AM https://twitter.com/btcchina/status/463494453882142720
Quote Dear users, Due to regulations, we have suspended CNY deposits from Bank of China. For further enquiries, pls email: support@btcchina.com Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: windjc on May 06, 2014, 01:51:40 AM https://twitter.com/btcchina/status/463494453882142720 Quote Dear users, Due to regulations, we have suspended CNY deposits from Bank of China. For further enquiries, pls email: support@btcchina.com What does this mean? Does it change anything? Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: y3804 on May 06, 2014, 02:02:08 AM It's worse than banks banning BTC imo
Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: dropt on May 06, 2014, 02:10:51 AM It's worse than banks banning BTC imo How is a bank dropping BTC China worse than the PBOC commanding Banks drop Bitcoin accounts? Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: windjc on May 06, 2014, 02:16:57 AM It's worse than banks banning BTC imo How is a bank dropping BTC China worse than the PBOC commanding Banks drop Bitcoin accounts? I agree, that doesn't make any sense. My question was more about how important was that bank to BTC China? Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: atp1916 on May 06, 2014, 02:25:37 AM It's worse than banks banning BTC imo How is a bank dropping BTC China worse than the PBOC commanding Banks drop Bitcoin accounts? I agree, that doesn't make any sense. My question was more about how important was that bank to BTC China? I am sure very important. Every single exchange over there will eventually have their bank accounts shuttered. If it is true that actual regulations have been put into place (as opposed to 'word of mouth'), then this process will be accelerated. The system needs to flush China down the drain for real recovery, and this is the first big step. The only people selling are the Chinese speculators. Don't sell with them. The USD is stronger than the yaun. Hold the line. Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: atp1916 on May 06, 2014, 02:32:25 AM ^^^ I like that pic. ;D
--edit Were'd it go!? Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: y3804 on May 06, 2014, 02:38:17 AM It's worse than banks banning BTC imo How is a bank dropping BTC China worse than the PBOC commanding Banks drop Bitcoin accounts? Sorry, I meant in terms of news, not in terms of drop of price. BTCChina has never announced anything after CCB ban, so a word from them just tells us that problems exist behind the scene. It tells us they probably already closed a bunch of their accounts. Of course ICBC and ABC withdrawal ban will be way worse in terms of price drop. As for BTCChina, you can still buy BTCC recharge coupons through Taobao and they released new ATMs in Shanghai today Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: YipYip on May 06, 2014, 02:40:20 AM Yay ...its like highlander ..the quickening is finally hear !!!!
There can be only 1 (chinese exhange with deep links & heavy bribing to the Communist part of China ) Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: Pepin on May 06, 2014, 03:34:22 AM I guess I made my last bank transfer to them yesterday afternoon! It's honestly cheaper to buy recharge codes on Taobao though. 0% fee vs about .9% fee for the bank transfers I have been making.
Yay ...its like highlander ..the quickening is finally hear !!!! There can be only 1 (chinese exhange with deep links & heavy bribing to the Communist part of China ) No, not really. Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: yomofo on May 06, 2014, 03:39:52 AM I guess I made my last bank transfer to them yesterday afternoon! It's honestly cheaper to buy recharge codes on Taobao though. 0% fee vs about .9% fee for the bank transfers I have been making. Yay ...its like highlander ..the quickening is finally hear !!!! There can be only 1 (chinese exhange with deep links & heavy bribing to the Communist part of China ) No, not really. these taobao codes (workarounds) are only delaying the inevitable. i thought taobao banned btc vouchers, what happens if you flag them? Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: RockHound on May 06, 2014, 03:47:56 AM I guess I made my last bank transfer to them yesterday afternoon! It's honestly cheaper to buy recharge codes on Taobao though. 0% fee vs about .9% fee for the bank transfers I have been making. Yay ...its like highlander ..the quickening is finally hear !!!! There can be only 1 (chinese exhange with deep links & heavy bribing to the Communist part of China ) No, not really. these taobao codes (workarounds) are only delaying the inevitable. i thought taobao banned btc vouchers, what happens if you flag them? Yeah, thought the same bro: https://cryptocointalk.com/topic/10445-alipay-bans-bitcoin-completely-recharging-code-taobao-shore-may-be-banned/ Hopefully our Chinese bitcoiners will come up with another clever workaround for recharge/withdraw. Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: lumierre on May 06, 2014, 07:16:01 AM BTC in China just became even rarer. Chinese bitcoin holders may refuse to sell because it is hard to buy. Thus, supply is reduced but the demand is still there. And when supply<demand, the price rises.
Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: greatway on May 06, 2014, 07:17:18 AM Alright one by one they go down
Title: Re: BTC China stops Bank of China deposits today 5/6/14 Post by: Asrael999 on May 06, 2014, 07:40:20 AM still "bothered"
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