Bitcoin Forum

Today, CCB Bank(a Chinese bank) have a secret file leaked, which showed China Central Bank ordered commercial banks to ban bitcoin exchange's account.

This is the detail of this order is here :http://www.yibite.com/article-3819-1.html  (Chinese)

anyone can use google translate for English?

Yawn, probably more FUD. Half of the stuff from 'sources' has been either mistranslated or fake, though restricting banks from dealing with bitcoin isnt exactly a 'ban' on bitcoin either.

standard consumer investment warning, that any non-contracted (no guarantee) investments have a risk of going up AND DOWN. this is all


BANKS will not hand customers bitcoins! (or baked beans)  ;D

if an account holder mentions their business plan is bitcoin related get account holders information and verify they have the appropriate documents (telecommunication regulations license) are supplied and valid by passing the information to the head office to look at.


if the account holder has NOT met relevant regulatory requirements (license reference numbers supplied) then:..... shut them down...

its not a blanket ban on bitcoins. it a notice to ensure that any basement dwelling knobs that think they dont need FIAT regulation licenses, whilst still wanting to play with FIAT. purely because 50% of the business is bitcoin related.. should be shut down.

summary:
if your a bitoin business that ALSO sends fiat to customers, get a licence!

China is never going to ban bitcoin....

Well would they rather decide, to suck on the dollar? Bigger countries it seems, want to decrease their dependancy on the dollar, so adoption of any other currency, should acctually, be welcomed.

But I might be missing the bigger picture here. China have been blocking a lot of other things, not related to BTC too. So it might just be a political thing.  ???

Going by Franky's post it seems like yet again nothing to worry about.

ok its good thing ;)

now what  ::)

What? Care to elaborate?

that is what i am asking :D

though i do my own research, i put information into context and look behind the face value of the words printed. please read my footer. do not take anything i say as gospel. use my 'opinion' as a starting point of your own investigation/research and for your own opinions based off of your own research and other 'opinions'/sources.

i only trust my own research but never ask others to fully trust me.

always try to read the source material yourself and not blindly believe opinions made by media or forum posts. unless after doing your own research you came to the same conclusion

Don't worry, I didn't take it as gospel but it's what I suspected anyway  :).

good good
i dont just copy and paste fud like others do (EG the OP).. i love doing research and looking behind the scenes for true meanings. and i truly hate fud, hence why i even put a information risk warning in my footer. no one should take anything posted on this forum as gospel.. too much fud, especially when real financial value is involved, no one should make rash investment decisions before doing their own research

Unfortunately many people seem to take other people's words or FUD as gospel and act on it accordingly. A lot of the trouble bitcoin has got into was probably based on fud or half-truths. Just look at the general public's opinion of bitcoin as something bad on for criminals just because they haven't bothered to do their own research.

That's the equivalent to China trying to ban gold possession.

Someone will always have some access to have it or buy it.

Who gives a crap if China wants to shun bitcoin. Bitcoin doesn't give a crap.

bitcoin bans china again.

中华人民共和国刑法

第二百八十条【伪造、变造、买卖国家机关公文、证件、印章罪；盗窃、抢夺、毁灭国家机关公文、证件、印章罪；伪造公司、企业、事业单位、人民团 体印章罪；伪造、变造居民身份证罪】伪造、变造、买卖或者盗窃、抢夺、毁灭国家机关的公文、证件、印章的，处三年以下有期徒刑、拘役、管制或者剥夺政治权 利；情节严重的，处三年以上十年以下有期徒刑。
　　伪造公司、企业、事业单位、人民团体的印章的，处三年以下有期徒刑、拘役、管制或者剥夺政治权利。
　　伪造、变造居民身份证的，处三年以下有期徒刑、拘役、管制或者剥夺政治权利；情节严重的，处三年以上七年以下有期徒刑。

Oh my goodness !!! Again ?

https://i.imgur.com/WzkZ3W5.png

https://i.imgur.com/AmMnOMg.png

https://i.imgur.com/BeuFegK.png

https://i.imgur.com/i5hChOb.png

https://i.imgur.com/eXg5WZx.png

https://i.imgur.com/zvmy544.png

https://i.imgur.com/eyLkSX4.png

I could not resist myself from sharing this...

This is so true. I wonder how many times people will fall for this? Is it posible that they will never learn?

That's so funny, how many times can china ban bitcoin?  ;D

Ha ha ha. This joke has legs.  :D
Another leaked secret Chinese ban document. lol

I guess I should panic sell, huh?

Banning bitcoin is kind of like banning the internet. It simply cannot be done.

Stop listening to anything coming out of China. We have been around this block waaaaay to many times. Time to stop the madness. 

ZZZzzz... how bout the rest of the world... it's all good.

ban hammer again?

The Chinese government tube many relative to other countries?

http://www.youtube.com/watch?v=9VDvgL58h_Y

Nothing will stop the Ghinosagi!!!

Omg i love these comic and it show reallity

The thing about trading bitcoin can never be stop .

Even know theres no exchange around people still trading outside of china with other currency .

who cares about china ?

China have a serious issue with consistency, This is the second (or the third?) time they make regulations against bitcoins, I think they don't like not having control over all financial strength.

I don't understand what is the problem with china? When all other countries are starting accept BTC they are going to ban it. How many times they are going to ban it?

maybe it's a FUD to make everyone sell bitcoin, haha.
don't care about China. :D bitcoin trend is still powerful.

Correct. Adoption is exponential. There is no stopping Bitcoin, and the Chinese will come around sooner or later - they have no choice. No one does. All fiat scrip will continue losing value, while Bitcoin continues gaining until fiat is little more than a bad memory.

http://media.coindesk.com/2014/03/show-me-bitcoin.png

You are here:

https://i.imgur.com/AyniIz2.jpg

This game was over before it began.

Once a week, but not for long. ;D

You are here o
You are soon entering here 0
https://i.imgur.com/AyniIz2.jpg

Now playing: Lyn Collins - "Ban me again and again and again"

If that is the curve we follow I am not as worried about the fact that I started so late. I feel like I am playing catch up all the time.  

Hope soon they will start again.. 8)

LOL! Just had to be bumped, with all the FUD.

Three years have gone by, and yet nothing has changed.

Check out the South Park meme LMAO

 ;D
Learning history helps to understand the present

everything is in the red. btc from  $4600 to  $ 4000, is big fall, the altcoins are down, ETH is $288 and siacoin is 144 satoshi, siacoin had a strong support in the zone 153 satoshi

panic is very big and this is increasing

Still, we are commenting in a 2014 post. Same trick different audience

China always dropping bitcoin prices with false news

It seems that someone is again inflating the panic. There was no prohibition of ICO in China, a number of measures were taken to streamline this activity in order to make it more transparent and free from possible fraud. Now there is also no ban on crypto currency. The National Bank of China requires clients to confirm the information they provide for doing business using crypto currency to avoid possible abuses. And what's wrong with that? In general, this is positive information, which should strengthen the existing market of crypto currency.