Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[cbutters]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

[seleme]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

What to make from this?

[cbutters]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

What to make from this?

Which user account type should I select?

If you have a bank account opened in Mainland China, please select Mainland China account. Otherwise, please select International account.

Please note: Once this is set, it cannot be changed.



What is the difference between the two account types?

Mainland China account can:

Fund through: 1. Yi Jin Dong 2. Bank Transfer 3. BTCC Voucher

Withdraw to: 1. BTCC Voucher 2. Bank Account

International account can:

Fund through: 1. BTCC Voucher

Withdraw to: 1. BTCC Voucher

Note: For CNY fund/withdraw assistance, please email us at voucher@btcchina.com.





I think its bullish? an alternative means of funding bitcoin, through a different bank than PBOC? I'm not sure what Yi Jin Dong is.

[seleme]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

What to make from this?

Which user account type should I select?

If you have a bank account opened in Mainland China, please select Mainland China account. Otherwise, please select International account.

Please note: Once this is set, it cannot be changed.



What is the difference between the two account types?

Mainland China account can:

Fund through: 1. Yi Jin Dong 2. Bank Transfer 3. BTCC Voucher

Withdraw to: 1. BTCC Voucher 2. Bank Account

International account can:

Fund through: 1. BTCC Voucher

Withdraw to: 1. BTCC Voucher

Note: For CNY fund/withdraw assistance, please email us at voucher@btcchina.com.

I've read that but what does it means, lol?

[fonzie]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

What to make from this?

bullrun / crash not sure which one first 

[seleme]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

What to make from this?

bullrun / crash not sure which one 

Lol, exactly.

[cbutters]

Well its obviously a response to PBOC... the exchanges WONT be shut down. Just using alternative banks / vouchers.   BTCC vouchers allow you to buy at BTC-e and move the funds to chinese exchange right?

[JorgeStolfi]

BTC CHINA NEWS!
https://vip.btcchina.com/page/notice20140328

I suppose that they are preparing for a closure of the mainland bank accounts?

So the owner of an international account would buy international BTCC vouchers from some outlet that sells them, then send them (digitally I presume) to BTC-China.  Or vice-versa.

Presumably those international vouchers cannot be bought or sold in China.  Otherwise I suspect that the PBoC will not let them do it.

[seleme]

It looked bit bullish to me this from btcchina but then again you never know with them.

[seleme]

Well its obviously a response to PBOC... the exchanges WONT be shut down. Just using alternative banks / vouchers.   BTCC vouchers allow you to buy at BTC-e and move the funds to chinese exchange right?

From BTC-e? Where's that option there?

[JorgeStolfi]

BTC-China operated on a voucher system exclusively for some time after the december PBoC decree. Its volume was very small and seemed to be only arbitrage.  They only started to recover after they enabled bank deposit/withdrawal.

[seleme]

BTC CHina basically defies the rumor with this...

[windjc]

BTC CHina basically defies the rumor with this...

I guess I am confused by the "options". It seems like internationals are more restricted than mainland chinese, who seem to have all kinds of options.

What am I missing?

[seleme]

BTC CHina basically defies the rumor with this...

I guess I am confused by the "options". It seems like internationals are more restricted than mainland chinese, who seem to have all kinds of options.

What am I missing?

Yep, Chinese can fund and withdraw with banks, internationals only with vouchers.

I'm fine with that if that's it. That's bullish.

[cbutters]

At the very least.. it CLEARLY says

Mainland China account can:

Fund through: 1. Yi Jin Dong 2. Bank Transfer 3. BTCC Voucher

Withdraw to: 1. BTCC Voucher 2. Bank Account

[creekbore]

So they are implementing a voucher system like they did for fiat deposits, but now we have vouchers for BTC instead.

If this is true then clearly its not tenable, what next --- vouchers for vouchers for BTC, followed by a ban on vouchers and all words synonymous with the concept of exchange.

It's a game of cat and mouse but the cat has access to the biggest army in the world.

Its ironic that if BTC wasn't so heavy on idealism ("let's bring down govt and rip up roads") the Chinese govt probably wouldn't be so scared of it.

[JorgeStolfi]

I guess I am confused by the "options". It seems like internationals are more restricted than mainland chinese, who seem to have all kinds of options.

Those options, except the vouchers, presumably will be closed if the ban is real.

There may be some problem that prevents using the same vouchers for both accounts.  Perhaps they fear that the mainland vouchers will be banned too in Mainland, and the international vouchers will be sold only outside the Mainland?

[cbutters]

I guess I am confused by the "options". It seems like internationals are more restricted than mainland chinese, who seem to have all kinds of options.

Those options, except the vouchers, presumably will be closed if the ban is real.

There may be some problem that prevents using the same vouchers for both accounts.  Perhaps they fear that the mainland vouchers will be banned too in Mainland, and the international vouchers will be sold only outside the Mainland?

This was posted just now with a date of March 28, 2013... seems to fly in the face of any PBOC rumors. They intentionally posted this right despite recent "rumors"...

[JorgeStolfi]

So they are implementing a voucher system like they did for fiat deposits, but now we have vouchers for BTC instead.

Is it? BTC deposits do not need vouchers, I understand they are for yuan/usd/whatever. ("BTCC" is "BTC-China", not "Bitcoin".)

[seleme]

Vouchers were also included in PBOC rumour