hl5460 (OP)
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news.8btc.com
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January 11, 2017, 09:41:23 AM |
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They focus on whether the enterprise is operating beyond its business scope, whether it is engaged in unlicensed operation of loaning, payment, currency exchange and other related activities, whether there is any market manipulation; the implementation of the anti-money laundering. https://twitter.com/redtheminer/status/819112826606190593
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mobnepal
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January 11, 2017, 10:22:48 AM |
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Article seems to be in Chinese, if you can share english version of this article than that will be nice. Tried google translation also but it isn't working.
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gizmoh
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January 11, 2017, 10:36:35 AM |
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The only confirmed exchange so far is BTCC . Not sure of others. https://twitter.com/cnLedger/status/819112379417903104![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FC14WiO-VEAAy9Hx.jpg&t=665&c=Qs-0N8BU30qxrw)
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How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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manselr
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January 11, 2017, 12:55:08 PM |
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In principle this is good since it will clear if there is something shady going on with the chinese mining business, but this panic sell is so fucking stupid. Whales sell the rumors and then panic sellers follow. Everytime something like this happens the price drops.
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poloniexwhale
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January 11, 2017, 01:00:56 PM |
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Chinese government is fucking stupid, they afraid people make money from bitcoin-FREEDOM. They are dictatorship country, shame on them, every big pump is destroyed by those morons.
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franky1
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January 11, 2017, 02:44:10 PM |
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"chinese" exchanges have been in constant communication with PBOC for years.
this topic is exaggerating a 'routine' inspection by regulators* into something sounding more like a raid. it is not a raid. its just a routine inspection
seems like the OP wants to cause drama to cause some speculation and another discount day to buy in cheap. and when people wise up to the truth and price then recovers, the OP can sell for profit.
*(yep many finance firms in fiat, asset and commodities get these as something treated as normal processes)The operation is focused on checking whether the company is operating beyond its scope BTCC for example has a regulatory agreement of what its business will do (scope of business). the regulators are just doing a routine inspection to check drama over tip: this is temporary speculation drama. do not consider it a panic moment to cry about losses, consider it a discount day to increase holdings cheaply
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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poloniexwhale
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January 11, 2017, 03:17:48 PM |
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Chinese government is fucking stupid, they afraid people make money from bitcoin-FREEDOM. They are dictatorship country, shame on them, every big pump is destroyed by those morons.
Then you should proof that Chinese government really take bitcoin freedom since all big exchange in most country is regulated and follow KYC rules ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) In US, things is worse because stupid BitLicense. I think there won't be any problem if those Chinese exchange don't have anything bad to hide. Don't be fooled by FUD. Governments hate bitcoin because bitcoin is the currency of freedom and liberty, China is more stupid than US. But they are all bad treating bitcoins.
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franky1
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January 11, 2017, 03:49:35 PM |
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Governments hate bitcoin because bitcoin is the currency of freedom and liberty, China is more stupid than US. But they are all bad treating bitcoins.
they dont. remember this one simple truth.. for every bitcoin buyer there is a bitcoin seller. meaning the chinese FIAT does not disappear, all that ultimately happens in a bitcoin trade is the name of the bank account holders of X fiat change hands. what governments hate is people putting paper money into an envelope and sending the money out of the control of chinese banks. where it sits in some western union/bureau de change office vault in some unknown town. doing nothing and not circulating in the country of origin. what governments hate is people not paying their taxes.. this is not a bitcoin direct issue, but an international currency issue of claiming non residence or having tax havens to avoid paying local taxes. what governments hate is people making a financial loss, to claim it as a tax writeoff and hand less tax to the government
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Mometaskers
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January 11, 2017, 06:48:09 PM |
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Wasn't China coming up with a digital fiat? They can benefit from a big dump if they intend to buy a lot of bitcoins (like some banks and companies are doing now). On second thought, that would be bad for them, people might lose their trust on the crypto. Maybe they are really just going after what they see as tax evasion. True China is a dictatorship, a communist country only in name but let us not forget that some of those money really could have been earned illegally.
For example, the Chinese are heavily involved in the drug trade in Asia. Drug manufacturing and trade itself is punishable by death in China so they manufacture those drugs in other countries instead, for example the Philippines. Drugs for the Chinese market are carried by Filipino mules but portion of the goods are also sold locally. Now if I'm a drug manufacturer in the Philippines, how would I send the money back to my boss in China?
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franky1
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January 11, 2017, 06:56:48 PM |
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Wasn't China coming up with a digital fiat? They can benefit from a big dump if they intend to buy a lot of bitcoins (like some banks and companies are doing now). On second thought, that would be bad for them, people might lose their trust on the crypto. Maybe they are really just going after what they see as tax evasion. True China is a dictatorship, a communist country only in name but let us not forget that some of those money really could have been earned illegally.
For example, the Chinese are heavily involved in the drug trade in Asia. Drug manufacturing and trade itself is punishable by death in China so they manufacture those drugs in other countries instead, for example the Philippines. Drugs for the Chinese market are carried by Filipino mules but portion of the goods are also sold locally. Now if I'm a drug manufacturer in the Philippines, how would I send the money back to my boss in China?
chinese government are not buying bitcoin. they have regulations that the BANKS can only handle FIAT.. its citizens not governments that are speculating.. and at that its not 1.3billion citizens but just a few hundred or thousand citizens.. again not governments. the government is involved in the IMF hyperledger. not bitcoin. the government is not attacking bitcoin but just doing a routine inspection of any financial institution that is half involved with fiat trading.. even if the other half was a stock, commodity, asset or foreign currency. soo much FUD is spread purely to create speculative panic..
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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eddie13
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BTC or BUST
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January 11, 2017, 08:27:15 PM |
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"chinese" exchanges have been in constant communication with PBOC for years.
this topic is exaggerating a 'routine' inspection by regulators* into something sounding more like a raid. it is not a raid. its just a routine inspection
seems like the OP wants to cause drama to cause some speculation and another discount day to buy in cheap. and when people wise up to the truth and price then recovers, the OP can sell for profit.
*(yep many finance firms in fiat, asset and commodities get these as something treated as normal processes)The operation is focused on checking whether the company is operating beyond its scope BTCC for example has a regulatory agreement of what its business will do (scope of business). the regulators are just doing a routine inspection to check drama over tip: this is temporary speculation drama. do not consider it a panic moment to cry about losses, consider it a discount day to increase holdings cheaply Just what you would expect the chinese to say to the west while they dump on your heads..
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Chancellor on Brink of Second Bailout for Banks
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eddie13
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BTC or BUST
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January 11, 2017, 08:31:11 PM |
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Governments hate bitcoin because bitcoin is the currency of freedom and liberty, China is more stupid than US. But they are all bad treating bitcoins.
they dont. remember this one simple truth.. for every bitcoin buyer there is a bitcoin seller. meaning the chinese FIAT does not disappear, all that ultimately happens in a bitcoin trade is the name of the bank account holders of X fiat change hands. what governments hate is people putting paper money into an envelope and sending the money out of the control of chinese banks. where it sits in some western union/bureau de change office vault in some unknown town. doing nothing and not circulating in the country of origin. what governments hate is people not paying their taxes.. this is not a bitcoin direct issue, but an international currency issue of claiming non residence or having tax havens to avoid paying local taxes. what governments hate is people making a financial loss, to claim it as a tax writeoff and hand less tax to the government China hates personal liberty.. Bitcoin is for not giving a shit what governments think.. Look here, currently what governments think is influencing/destroying bitcoin.. gov wants this, banks want that...
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Chancellor on Brink of Second Bailout for Banks
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franky1
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January 11, 2017, 08:33:08 PM |
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"chinese" exchanges have been in constant communication with PBOC for years.
this topic is exaggerating a 'routine' inspection by regulators* into something sounding more like a raid. it is not a raid. its just a routine inspection
seems like the OP wants to cause drama to cause some speculation and another discount day to buy in cheap. and when people wise up to the truth and price then recovers, the OP can sell for profit.
*(yep many finance firms in fiat, asset and commodities get these as something treated as normal processes)The operation is focused on checking whether the company is operating beyond its scope BTCC for example has a regulatory agreement of what its business will do (scope of business). the regulators are just doing a routine inspection to check drama over tip: this is temporary speculation drama. do not consider it a panic moment to cry about losses, consider it a discount day to increase holdings cheaply Just what you would expect the chinese to say to the west while they dump on your heads.. im a brit. i just hate the FUD that turns into sheeple scripts everyone repeats and circle jerks to
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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eddie13
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BTC or BUST
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January 11, 2017, 10:56:14 PM |
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"chinese" exchanges have been in constant communication with PBOC for years.
this topic is exaggerating a 'routine' inspection by regulators* into something sounding more like a raid. it is not a raid. its just a routine inspection
seems like the OP wants to cause drama to cause some speculation and another discount day to buy in cheap. and when people wise up to the truth and price then recovers, the OP can sell for profit.
*(yep many finance firms in fiat, asset and commodities get these as something treated as normal processes)The operation is focused on checking whether the company is operating beyond its scope BTCC for example has a regulatory agreement of what its business will do (scope of business). the regulators are just doing a routine inspection to check drama over tip: this is temporary speculation drama. do not consider it a panic moment to cry about losses, consider it a discount day to increase holdings cheaply Just what you would expect the chinese to say to the west while they dump on your heads.. im a brit. i just hate the FUD that turns into sheeple scripts everyone repeats and circle jerks to I meant to reply to what the info out of china is supposedly rather than your take on it.. I meant, ofcourse they would downplay the situation so they can keep us buying while they GTFO (dump on our heads) You ever hear of any other troubled exchange in crypto history NOT tow the line "it is fine it is fin, nothing to see here" so they can keep their gig going as long as possible in order screw everyone that believes it and make out the best themselves? BTCC "We are in huge trouble guys, the commies are coming to crush our business and this liberty.." Not likely.. BTCC "It's not as bad as it looks, no reason to be afraid, trust us" More likely.. For all we know they are doing the oppressive commie's bidding else have their organs harvested..
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Chancellor on Brink of Second Bailout for Banks
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QuestionAuthority
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You lead and I'll watch you walk away.
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January 11, 2017, 11:06:30 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.vosizneias.com%2Fassets%2Fuploads%2Fnews_photos%2Fthumbnails%2F800_kqkt9ycelkuz2xeqbkfcrs9i4x0ortdq.jpg&t=665&c=TeT7ZM7PR3gZmw) Why you frucking asians always think everybory running illregal exchange? Mind you own biness! Market manipruration not you probrem. Fruckers
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franky1
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January 11, 2017, 11:08:46 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.vosizneias.com%2Fassets%2Fuploads%2Fnews_photos%2Fthumbnails%2F800_kqkt9ycelkuz2xeqbkfcrs9i4x0ortdq.jpg&t=665&c=TeT7ZM7PR3gZmw) Why you frucking asians always think everybory running illregal exchange? Mind you own biness! Market manipruration not you probrem. Fruckers he is french though.. lol
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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tbonetony
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No zuo no die why you try, u zuo u die dont be shy
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January 11, 2017, 11:15:38 PM |
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Chinese government is fucking stupid, they afraid people make money from bitcoin-FREEDOM. They are dictatorship country, shame on them, every big pump is destroyed by those morons.
I think they are fucking smart. This could be just a very starting step in a much larger grand scheme. What if after this audit they are able to cleanse the crap out then legalize btc or exchanges afterwards? That would put a authentic tag on btc as an investable asset. Guess what? Cash hoarders (apparently there are a lot) will have another alternative to run into. Do you still remember what happened to gold not long ago? Above is just my speculation but i do view this as a positive regardless. The panic sell will wash out traders and return btc back to a healthier status. Believers could prosper in the long run.
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Velkro
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January 11, 2017, 11:52:01 PM |
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They focus on whether the enterprise is operating beyond its business scope, whether it is engaged in unlicensed operation of loaning, payment, currency exchange and other related activities, whether there is any market manipulation; the implementation of the anti-money laundering. https://twitter.com/redtheminer/status/819112826606190593Nothing good will come from that, but i hope price will be stabilised on 750$ level, not less. Who knows tho, its totally unpredictible. China is big factor in bitcoin world, USA is behind this time.
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hl5460 (OP)
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news.8btc.com
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January 12, 2017, 01:58:56 AM |
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unamis76
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January 12, 2017, 02:14:36 AM |
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I guess all doubts about fake volume will disappear now. Will be interesting to see what kind of problems these exchanges will have if they do fake volumes and if authorities have proof on that. It is a strong signal that China’s government wants to regulate the market. This might be a big issue in the coming months. compelled PBOC to step in to guarantee financial stability, which is the paramount mission of China Thanks, but Bitcoin is quite stable...
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