[2014-01-01] MarketWatch: What a Bitcoin is really worth in India and China

[bryant.coleman]

http://www.marketwatch.com/story/what-a-bitcoin-is-really-worth-in-india-and-china-2014-01-01

Well... it is more or less banned in both the nations. So I am not sure. 

The Bitcoin saga took an unpleasant turn this December when China’s central bank banned financial institutions from dealing in the virtual currency. Bitcoin was enjoying a surge of popularity in the country; by the end of November, Chinese exchanges were responsible for almost two-thirds of worldwide traffic. The central bank’s decision sent the currency tumbling.

[Carlton Banks]

Well... it is more or less banned in both the nations. So I am not sure. 

That's just not true, and you should know that if you've read as much information on these boards as you post on them.

The Chinese and Indian authorities are certainly giving bitcoin a gut punch in their jurisdictions, but they have also been acting in a way that suggests the opposite.

Bitcoin businesses in China targeted? No. Miner in China targeted? No. Holders targeted in China? No. Exchanges in China targeted? Not directly. Bitcoin banned in China? You can make a plausible headline out of it for the uninformed, but the answer is no.

Bitcoin businesses in India targeted? Yes. Miner in India targeted? No. Holders targeted in China? Yes & No. Exchanges in India targeted? Yes. Bitcoin banned in India? You can make a plausible headline out of it for the uninformed, but the answer is no.