Bitcoin Forum

This sure sounds like the kind of thing which could cause a panic if true...

It's from China`s Central Bank. They did the announcement today.

Last week, they released other annoucement and they said that all the financial companies(banks, insurers, etc) must stop accepting any Bitcoin business(to open accounts and so on).

Today they came with same clarifications and they have banned third-party payment companies from doing business with bitcoin exchanges

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed"

That means all the exchangers from China(BTC China is the biggest one) must close the business as soon as possible.

At this time, BTC China does not accept deposits anymore.

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

lol.
1. What is the source? Coindesk used "Sources close to China’s Central Bank", but there is no formal announcement at all, unlike last week.
2. Even if China may ban bitcoin exchange, what do you suddenly make the conclusion that every other countries around the world will do it as well. Criticizing the gov't is illegal in China, OMG, will it be illegal as well next month in US or Germany?

It's from China`s Central Bank. They did the announcement today.

Last week, they released other annoucement and they said that all the financial companies(banks, insurers, etc) must stop accepting any Bitcoin business(to open accounts and so on).

Today they came with same clarifications and they have banned third-party payment companies from doing business with bitcoin exchanges

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed"

That means all the exchangers from China(BTC China is the biggest one) must close the business as soon as possible.

At this time, BTC China does not accept deposits anymore.

So, China banned Bitcoin for good. China transactions were more than 50% from all the Bitcoin transactions

The price will go down fast. It's already $650

They are doing illegal things if they are accepting deposits again.

It's from China`s Central Bank. They did the announcement today.

Yes, THERE IS A FORMAL ANNOUNCENT:  
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."

It's interesting how it's no problem if you want to pay $1 million dollars for a digital picture or a digital music file... but if you want to buy letters in a text file you get the ban hammer...  :-\ And aren't ALL digital multimedia made up of similar letters and numbers at the core?

I can see some holes in the logic.
but to mayax's credit. Why are the prices falling today ?

OK, original you are talking about a new announcement just published today.


Now, you give us a link for the announcement published on Dec 5.
You must be kidding me.

Where is your so-called today announcement?

Yes, there are lots of "news" in English, but none in Chinese. Wow, that's interesting.


Payment companies ≠ Banks.
Yes, you can no longer withdraw CNY from btcchina to tenpay, but you can deposit money to or withdraw money from bank account directly.

Why are the prices falling today ?

Payment companies are not only banks;are all the financial licensed company. You can transmit money even you are not a bank. There are many categories of financial companies. The exchangers are one of them so they fall under this rule.
Anyway, the banks won't accept payments for Bitcoin exchanges anymore.

The second announcement is making the things more clearly.
Just wait for 1-2 days and you will see the Chinese announcement.

You will see the rates going down too.

Because people like OP keep spreading FUD.
There is no official announcement, but all sites just keep saying "according to sources", blah blah blah..

Check OP's post history, he registered his account, made this thread, and replied in another post saying bitcoin is insecure and nobody want bitcoins lol.

This is a MAJOR hit to Bitcoin. Chinese were buying almost 2x of the Bitcoins USA was buying. Right now, in the last 20 minutes there have not been a SINGLE bitcoin purchased in China.

http://fiatleak.com/

Watch the trackers, there are NO orders from China.

This is a MAJOR hit to Bitcoin. Chinese were buying almost 2x of the Bitcoins USA was buying. Right now, in the last 20 minutes there have not been a SINGLE bitcoin purchased in China.

http://fiatleak.com/

Watch the trackers, there are NO orders from China.

I would sell my Bitcoins if I would had NOW.

Trading on btcchina is going on as we type - maybe some feeds might not be working but trading BTC and RMB on btcchina *is*.

(price rose from 3600 to 3650 while I was typing this - strange how that happened if no BTC are being traded at all)

Can you deposit money to btcchina?

I would sell my Bitcoins if I would had NOW.

mayax, eight posts, all FUD, all the time.

I came with official announcement link and with my opinion too. You are not forced to read my posts.

i am sure you have much more experience than I so you don't have to believe a "newbie" :)

Go and buy Bitcoin... :)

Go and buy Bitcoin... :)

Yes, you come with an old link, and claim to have a new announcement.

Read a link from China, please:

http://www.yicai.com/news/2013/12/3234984.html

You miss an important aspect. All the websites are PRO Bitcoin. Why would they fabricate a such news? :)

Also, you do not mention about the first China bank announcement. Is this a lie too?

I recommend you to wait for 1-2 days.

This is about a second announcement. The first one was clearly but the second one will leave no doubt. All the Bitcoin chinese exchangers will close their business until Jan 30(one month from now).

China`s Central Bank reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges
 
Well, today China banned exchangers to accept payments from clients who want to buy Bitcoin. BTC China(the biggest exchanger from China) is not accepting deposits anymore.Yes, the clients will still be able to sell in order to not create panic but it is a temporary solution until the end of January.
 
"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."
 

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

BTC China will close the business in China in less than 30 days. Mark my words.

The first annoucement is more than enough. BTC China should be licensed but it is not.

The China gov banned ALL the financial companies to deal with Bitcoin. That includes a licensed exchanger as well.

EVEN so, the banks will close any  business account related with Bitcoin.

You give the first announcement the interpretation you like and not the real one(and many others like you). That's why the second announcement will clarify the things.

BTC China will close the business in China in less than 30 days. Mark my words. :)

The China gov has banned all the financial companies to deal with Bitcoin is a fact already(6 days ago).

It only applies to 3rd party payment service. No policy saids exchanges cannot use bank services. Please stop spreading FUD.

This is a pretty specific claim here.  Care to bet on that?  How much would you bet on this?

Put your money where you mouth is.

Oh, I forgot, you already sold all your BTC, right?

I didn't come with SF stories. These are the facts. I know that you want to protect your investment. I would do the same in your place.

Put your money where you mouth is.

Oh, I forgot, you already sold all your BTC, right?

Any service who receive money in exchange for an "investment"  must be licensed.
Any service who is operating means of payments must be licensed in China.

Once you have one, you cannot deal with anonymous systems like Bitcoin. :)

What is an exchanger than a 3rd party service? :)

Any service who receive money in exchange for an "investment"  must be licensed.
Any service who is operating means of payments must be licensed in China. BTC China avoided this thing because a license is useless for  them. Once you have one, you cannot deal with anonymous systems like Bitcoin. :)

Also, the exchangers are dealing with Bitcoin and the banks from China are not allowed to receive payments for Bitcoin anymore.

It's a matter of time until the banks will implement the new rule.

China will not allow Bitcoin exchanges from January 30.

I am not drawing conclusions yet, but there are more non chinese news coming out. These are not from December 6th, but from yesterday and today...

These are not trusted source, I know, but seems genuine enough?
Can a chinese member shed more light on this?

"Bitcoin's Outlook In China Is Not Looking So Good Right Now"
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12

"China Bans Payment Firms from Working With Bitcoin Exchanges"
http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/

That is very specific.  Care to place a wager?  How much?

Let me try to summarize what OP have said:

FUD 1: OP claimed that China banned exchanges.
Truth: Bank transfer to and from exchanges are working perfectly; BTCChina and OKCoin are still doing the business happily.

FUD 2: OP claimed that China's central bank has made an announcement today.
Truth: OP cannot provide anything about it but just the Dec 5 announcement, and later claims the announcement will come out in a few days.

FUD 3: OP claimed that all Chinese Bitcoin exchanges will close their business in a month.
Truth: OP just keep saying that without any evidence. Just a friendly reminder, I am a fortune teller, and I know OP will face a disaster in a month. Sorry, can't tell you the details, but you will see it very soon.

Yes you can - via direct bank transfer.

1 and 3 are FUD, but 2 is true. It is true that third-part payment services are no longer allowed to serve BTC exchanges. There's an internal meeting without public announcement, but it has been reported in multiple serious media already.

I live in America and have a Coinbase account and want to offer my two cents on the topic of all banks banning Bitcoin...

When you initiate a purchase of Bitcoin with Coinbase you are actually doing an ACH withdrawal for a specific amount. You can set up ACH withdrawals for virtually anything that you want. It could be for a donation, virtual services (such as web hosting), a purchase of Bitcoin on ebay (through Paypal) or even payment for a magazine subscription. The bank never has any dealings with Coinbase other than the deposits or withdrawals of money and never touches the Bitcoins.

 I guess the United States government could be heavy handed about the purchase or ownership of Bitcoin in the future,  but I assure you if they attempt a blanket ban it simply won't work. The government would have to defend hundreds of lawsuits in the coming years if it occurs and the chances are high that they will lose some of them.

1. when come slightly negative news, spread the FUD
2. dump some coins to start panic sell
3. rebuy back when price is low
4. You just increased your BTC stack
5. repeat

None of this prevents banks from arbitrarily closing accounts and refusing service to anyone involved in ACH transfers to any Bitcoin business, unless banks start getting sued under competition laws / antitrust.

 I guess that banks could do something similar to that in the future if guidance (or laws) were issued by state or federal government regulators but why would they even attempt something like that at this time? There isn't any reason for banks to close accounts in America at this time because nobody in authority has said that Bitcoin is illegal.

It is amazing to me how much the buying and selling of Bitcoin mirrors that of people buying and selling penny stocks. There will always be those who want to create a panic and then buy cheap when the price is low.

They would if they perceive Bitcoin as a threat to the profits of the very payment systems that they have a financial conflict of interest in running, or if guidance remains so vague as to continue the chilling effect in the US. It's a reality that Bitcoin businesses have significant difficulties getting banked in the US, and there are numerous anecdotal reports of individuals being dropped by banks because of purchases relating to buying Bitcoins or even mining equipment.

These entities are going out of their way ironically to prove why we need Bitcoin in the first place!

I agree with your last sentence and also agree that bank accounts can be closed for various reasons. The problem is that as Bitcoin becomes more popular banks that ban Bitcoin dealings of any kind will have something similar to a Scarlet Letter on them. The people who want to deal with Bitcoin will have no dealings with the banks who ban them. As the numbers of people using Bitcoin in the future grows, that could hurt bank profits.

I mean realistically, it could be 5 -10 years before major online businesses start to accept Bitcoin. The transactions will almost always be of a more limited nature until wider acceptance of the coin has taken hold.

There is always possibility some small Bank will see oppurtunity how to get new clients and expand by allowing and supporting Bitcoin users

i think everyone just needs to calm down, while a few countries or banks may ban BTC, its not going to get banned worldwide or made illigal

Thailand already banned Bitcoin 6 months ago

This is a bold faced LIE.  Quit repeating it.  It NEVER HAPPENED.  It was just a huge steaming pile of "journalism" all traced back to one blog entry which was a LIE.

If you are so convinced you are right then you would be willing to bet me on it.  Since you are not taking the bet that proves all your posts are LIES.

BTC China could close down in the new year when there won't be anymore funding/withdrawl options left:

http://www.coindesk.com/sources-confirm-chinas-payment-processor-ban-bitcoin-price-falls/

I was really hoping China wouldn't crack down this hard on bitcoin, but the facts are the facts. The PBOC doesn't want any threats to its plan of making the Yuan the world's reserve currency.

I was just reading this news on BusinessInsider. So, this news seems to be true. It seems like chinese government is trying hard to knock bitcoin out of the park. Do you guys think now bitcoin will crash and stabalize at a new value like at 600?

http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12

Still no bet.  Obvious FUD thread.

Keep up the good work mayax (and others).

So long and thanks for all the cheap(er) BTC!

This is a pretty specific claim here.  Care to bet on that?  How much would you bet on this?

It seems that once again, the news from China has been massively overblown and is not in fact as bad as rumours stated. Who woulda thunk it?


http://thecryptotimes.com/content/china-says-citizens-have-freedom-trade-bitcoins

Sure, but it worked. People never learn

Seems to me that more and more people are trying to spread FUD to move BTC price down. Yes Chinese were the catalyst for this bubble, but there is still around 190 countries, plus China just wants that funds not to be laundered. BTC will be fine

...
IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

I wonder how this affects BTC - EUR charts? Would this mean EUR exchanges would rise because of this or fall?

I have my own theory on both possibilities, but i'd like to hear from you guys.

I just noticed EUR prices fall almost at the same time USD prices drop.
Is this just because the market is flooded with Bitcoins and thus the prices fall?
I know BTC/EUR exchanges are very small compared to Yuan and Dollars, but still.

Here you go.  You made this specific claim.  That would be 30 days from yesterday.

How much influence does China really have on the BTC market?

World's largest Bitcoin exchange.   ;)

Not for long, probably.

World's largest Bitcoin exchange.   ;)

It will be like a Bitcoin "earthquake". The rate will go down very fast. China is a huge market for Bitcoin and banning the exchangers is like you will cut the wings to a bird.It will still live but... :)

Crypto currencies will survive, the fight for freedom will never end.

what does have that with the exchangers from China? :)

We are talking about real things not fantasies.

The chinese are very resourceful, there are workarounds for every system. Those that hold wealth in crypto will find a way to open up the market place in one form or another. Others, like yourself, will panic and lose money in the process.

To be honest, this outcome was foreseeable. The Chinese government would never stand for something they themselves didn't come up with.

To be honest, this outcome was foreseeable. The Chinese government would never stand for something they themselves didn't come up with.

See the funding/withdrawal options for BTC China:
In both screenshots, all the 3rd party payment companies have disappeared from Funding Options with the exception of Yeepay.

For the Withdrawal Options, only 5 options remain. all of them banks.

No, they dont like they cannot control Bitcoin.

Ok, but where is the proof that they will prohibit chinese people to transfer or withdraw money via bank wires from their chinese banks to btc china?

This is FUD - seems a lot of topics appearing from 0 activity newbies trying hard to keep pushing down the price.

Exactly what I thought.  People only do that if they are desperately in need to jump on the bitcoin train.
If this was true, bitcoin would be dropping a whole lot more. :/

China isn't going to be able to put this genie back in the bottle..

I was the one who came with this info on this forum. This info is not FUD. It's a fact of life. Yesterday many people blaimed me that I don't have any proof. Now, everybody is talking about that. :)

BTC China will be closed within 30 days. The chineses will be able to withdrawn funds during this time.

I am not using Bitcoin at all. I don't even had a Bitcoin account so I don't care about rates  :)

Exactly what I thought.  People only do that if they are desperately in need to jump on the bitcoin train.
If this was true, bitcoin would be dropping a whole lot more. :/

I was the one who came with this info on this forum. This info is not FUD. It's a fact of life. Yesterday many people blaimed me that I don't have any proof. Now, everybody is talking about that. :)

BTC China will be closed within 30 days. The chineses will be able to withdrawn funds during this time.

I am not using Bitcoin at all. I don't even had a Bitcoin account so I don't care about rates  :)

Is this from a reputable source? I have concerns about reliability of the source.

The only aim of spreading such news seem as creating a dump in prices and buying cheap coins to make profit after the price is stabilized at a higher rate.

This is just one of method to find a way to get more and more.

Still no official news but tons of "news" after a day  ???

**** China and their communist government this is about control and nothing else.

**** China and their communist government this is about control and nothing else.

agree

The main central banks already warned agaist Bitcoin - last week

French central bank warns over bitcoin risks
http://www.reuters.com/article/2013/12/05/us-france-bitcoin-idUSBRE9B40IF20131205

Australia and New Zealand warns against Bitcoin- last week

Thailand already banned Bitcoin 6 months ago

USA- you cannot deal with Bitcoin beacause the banks would close your bank account.

China already banned businesses to exchange(sell and buy for real money ) Bitcoin yesterday

These are facts.

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

This is twice now you've lied about the US status of BTC.  There is at least one US based legal BTC exhange.  It offers payment via ACH, wire transfer, and US Postal Service money order.

https://campbx.com/

Isn't Cryptsy also US based? I believe they were. That's another one added to the list. Coinbase also works too, and I think they are as well.

as I read from chinese news page, the 3rd party exchange releated to BTC is baned in china, all acount have to withdraw from now on, before chinese new year.

Isn't Cryptsy also US based? I believe they were. That's another one added to the list. Coinbase also works too, and I think they are as well.

Many, many people are having problems with CampBX, including me.  They say it's due to being short staffed but there have been so many delays I fear it could have something to do with the authorities, or them trying to comply with the authorities' requests.  

What ways are there left for chinese to buy cryptocoins now?

What ways are there left for chinese to buy cryptocoins now?

1. private sellers
2. see if there are gateways to ripple which were not banned yet.
(anyone senses if ripple will have the status of "exchange" or perhaps different status in China)
3. wait until government owned crypto exchange is founded
4. open up foreign bank accounts and buy on foreign exchanges
5. (illegaly?) accept BTC payments from abroad

any feedback appreciated!

Why would they go with ripple when Litecoin can do exactly the same thing, while supporting a truer open sourced model? Just saying. China has explicitly discussed Bitcoin as a threat to the RMB (Chinese Yuan), not about LTC. LTC could potentially be an open portal to bitcoin.

Why would they go with ripple when Litecoin can do exactly the same thing, while supporting a truer open sourced model? Just saying. China has explicitly discussed Bitcoin as a threat to the RMB (Chinese Yuan), not about LTC. LTC could potentially be an open portal to bitcoin.

You can not buy Litecoins with Yuan... You can buy Litecoins with another cryptocurrency only...

We will have p2p exchange very soon.

This was the biggest price manipulation in the bitcoin history caused by the Chinese regime.

Let's fight back:

See:

https://bitcointalk.org/index.php?topic=376423.0

Never mind.

We will have p2p exchange very soon.

China needs to piss off. Really hurting their own people with this.

You can not buy Litecoins with Yuan... You can buy Litecoins with another cryptocurrency only...

Where is closed? I can log in, everything seems to work

it's closed as I stated 3 weeks ago. ;)

One of you is lying.  I wonder which one ...

it's closed as I stated 3 weeks ago. ;)

Not all the chineese exchanges were closed I guess.
http://www.huobi.com/ is working fine.

Their volume is 400-800 BTC/hour.

I explain what was going on:

most chinese exchanges were allowing withdrawals on ANY zhifubao account (chinese paypal copy), meaning that money laundering was never this easy.
Think this: I transfer 10 bitcoins to my account (that could be registered with a fake name, since no verification is done) and then I could convert to chinese yuan and withdraw to unlimited different zhifubao accounts (difficult to track). At that point, could withdraw to a real bank account.
There's a limit to every chinese on how many dollars can receive every year (I think $50000).
Suppose there's a guy that wants to get $1 million to china without paying taxes.
Step 1: buy 1000 bitcoins
Step 2: convert them to 5 millions yuan
Step 3: withdraw them to 100 different zhifubao accounts
Step 4: go to countryside and pick up 100 random people saying "hey i give you 100 yuan if you help me"
Step 5: deposit from zhifubao and withdraw in their name
Step 6: Congrats: you transfered 1 million dollars illegally avoiding taxes

That's why china government got angry, any government in the world won't like this, not just china
In fact, now btc china is requiring id verification and will only do bank transfers in the same registered name of the account.

And at its peak, btc=>yuan rates were so high that you could make a very nice arbitrage and easy money if you bought bitcoins in dollars, then convert to yuan, then dollars again (make $20 every $1000)
Now the game is broken, you lose $40 every $1000 converted

Step 4: go to countryside and pick up 100 random people saying "hey i give you 100 yuan if you help me"
Step 5: deposit from zhifubao and withdraw in their name

If so, then the fault was with Zhifubao, and not with BTC-China. I don't understand the logic in banning BTC, while allowing Zhifubao to operate freely.

Because until now the only way to get money into zhifubao was a traceable bank transfer (or a traceable sale on taobao)
They just banned zhifubao and similars (caifutong) to receive BTC, they didn't ban BTC

BTC CHINA is based and hosted in the US for those who did not know, so no it will not close it may change hands as to who directs it but i very much doubt that, Bobby does a great job and is a really nice guy. do a quick search on youtube for some of his presentations which explain everything in full detail, they leave no questions unanswered :)

Thats interesting indeed

Thats interesting...

BTC China's pre-paid card deposit option would eventually be banned by the chinese gov.

It seems inevitable that BTC China is doomed.

Can someone please post a set of links helping people understand this china issue. Friends and myself all thought China would be dropping BTC and that volumes traded would decrease... and this would drop the prices but today they are still booming.

I have done some trading between Alt coins on BTCE but i mainly just put my wages into BTC in hope to help me pay off my mortgage that lil bit faster. I would hate to have all those months of savings lost due to my lack of knowledge regarding china.

You did get your post count up (to 2) with these two jewels...

Is that you mayax?

I have no idea where the price is heading in the short term and anyone who is honest will tell you the same.  I believe in Bitcoin so I expect that over time the general trend will be up (with or without China and India) with lots of ups and downs along the way.  

There is only one thing we know for sure:  mayax is full of shit.

New Year’s Greeting from BTC China

January 7, 2014

Dear Customers,

Happy New Year!

2014 is here, and on behalf of BTC China, I would like to take the opportunity to personally wish you a happy and prosperous new year. Looking back, 2013 was a huge year for Bitcoin, attracting worldwide attention. From our humble beginnings in the summer of 2011, BTC China has followed Bitcoin’s rise and has grown steadily with your support. We thank you for that.

On December 16, we made an extremely difficult decision to abruptly raise our trading commission fees, back to the standard 0.3% level before we eliminated fees in late September. I would like to sincerely apologize for the abrupt nature of that decision, where we were not able to adequately notify our users, and give a proper explanation. The actual circumstances were complicated, and I assure you it was a difficult but necessary decision at that time. Due to imminent regulatory threats at that time, we felt we had to proactively reintroduce trading commissions, in order to promote a more sustainable Bitcoin trading atmosphere, with lower volatility. We now strongly believe that a zero-commission fee structure creates a frictionless trading environment, which causes large price volatilities, and encourages market speculation. By re-introducing a trading commission, we hope to foster a healthier marketplace, aiming for better price stability, to benefit Bitcoin in the long term. I hope you can understand our decision.

Now, I am excited to share with you three exciting things that we have put in place:

Maker-Taker fee structure. This new innovative fee structure will maintain a small 0.3% commission for traders, while rewarding market makers with a rebate. (The reward is effectively a “negative” commission, for market makers.) In summary, our company will still not be making money in commission revenue, giving all the benefits to our customers. By having a trading commission, this will reduce market volatility and reduce wild price fluctuations, which we believe is good for the entire Bitcoin market and ecosystem.

BTCC Voucher for deposits. This is BTC China’s new CNY deposit method, with many unique advantages. You can buy it easily from our network of resellers; it can be instantly credited into your BTC China account for trading. Best of all, BTCC Vouchers have no CNY withdrawal fees. They can be traded freely, and do not have geographical restrictions. You can now purchase BTCC Vouchers from our large list of recommended resellers, with some even offering a discount off of the face value. You can now get instant savings by using these BTCC Vouchers.

Reduction of CNY Withdrawal Fee: From popular demand, and to benefit bitcoin sellers, we have reduced our CNY withdrawal fee from 1.0% down to 0.5%. We thank you for suggesting this.

BTC China is the first and longest running Bitcoin exchange in China. We are committed to being the best Bitcoin platform in China. We know that trading commissions alone is not the only criteria to measure the value and attractiveness of a Bitcoin exchange. Instead, we hope to bring our loyal customers the best combination of high quality customer service, new products and services, in a Bitcoin exchange that is fully in compliance with regulatory authorities.

In recent months, we have faced periods of extremely high traffic, where our servers and customer service teams were not able to meet our desired level of service to our customers. I apologize for that, and we will work extra hard this year, to improve our technology capabilities and grow our customer service team. We have recently expanded our dedicated customer service team to over one dozen full-time employees, and they are passionate and ready to serve you and handle all of your support needs, now on a true 24-by-7 basis.

We will continue to lead the market through innovative products and services. (Have you tried our newest hosted wallet product, Picasso?) As the market leader in China, we will continue to invest in R&D and operations, continue to recruit talented people, and continue our mission of bringing Bitcoin to China, in a sustainable manner.

2014 is already here. Despite the ups and downs that the Bitcoin industry has experienced in 2013, BTC China is committed to building the best Bitcoin platform, so we will never give up. We humbly ask for your continued support, as we go down this journey together. We will continue to grow this company, to offer you the best products and services, this year and for many years to come.

As always, we would love to hear your feedback. Please email us at business@btcchina.com.

Best Wishes,
Bobby Lee
BTC China
CEO, Co-Founder
https://www.btcchina.com/

Deposits, yes, but how to cash out?

LIAR.  LIAR.  Pants on FIRE!

that is right! they are manipulating the market with that kind of informations all the time!

This will continue forever don't worry. Its just people, emotions and price is final effect

Yeah, but there will always be a lot of people that will never learn to do that! :) "smart" people can take an advantage of fhat! ;)

Anxpro will never be closed, hong kong based exchange who soon will dominate the Asian Zone, hong kong is a financial district so you can be sure of that.
take a look on it, free 1 litecoin promotion going on

ANXPRO (http://bit.ly/1mHdAjh)

Not yet registered with ANX?

Register and verify before August 15 and you can qualify for this offer.