Good News, Bitcoin now is accepted in China Telecom

[BTC Electronic LTD]

Hi

Good news,
Bitcoin now is accepted in China Telecom.
China Telecom is one of China's three largest telecom operators.

Website:

http://js.189.cn/w2014

[1714066525]

1714066525

[1714066525]

1714066525

[pand70]

Actually it's old news and i think that it's a reseller that accepts them not china telecom per se.

[BitchicksHusband]

Hi

Good news,
Bitcoin now is accepted in China Telecom.
China Telecom is one of China's three largest telecom operators.

Website:

http://js.189.cn/w2014

Is that still true after today's news?

[OneEyedJack]

Yeah, today's news was kind of a bummer. With China being such a huge economic power, this one decision could send all Cryptos tumbling down.

[BitcoinAshley]

Yeah, today's news was kind of a bummer. With China being such a huge economic power, this one decision could send all Cryptos tumbling down.

Please explain, in detail, how this decision could send all cryptos tumbling down?

China .Gov said "bitcoin can't be accepted by financial institutions cuz it's not currency," "bitcoin is dumb lol, totally not a currency," "exchanges and such need to use KYC/AML so we can spy on you," and that is supposed to send all cryptos tumbling down?

You can still buy and use cryptos in China just like before. There's just a little more bureaucratic red tape/gobbledygook. Just like in the US and it's not exactly hard to get bitcoins in the US (heck, now you can even ACH in and out of CBX...)

[pand70]

Please explain, in detail, how this decision could send all cryptos tumbling down?

China .Gov said "bitcoin can't be accepted by financial institutions cuz it's not currency," "bitcoin is dumb lol, totally not a currency," "exchanges and such need to use KYC/AML so we can spy on you," and that is supposed to send all cryptos tumbling down?

Baidu already removed the option to pay in bitcoins for their services. It seems that you missed the part of the announcement where the bank of china states that bitcoin should not be used in the market as currency.

[minime]

Please explain, in detail, how this decision could send all cryptos tumbling down?

China .Gov said "bitcoin can't be accepted by financial institutions cuz it's not currency," "bitcoin is dumb lol, totally not a currency," "exchanges and such need to use KYC/AML so we can spy on you," and that is supposed to send all cryptos tumbling down?

Baidu already removed the option to pay in bitcoins for their services. It seems that you missed the part of the announcement where the bank of china states that bitcoin should not be used in the market as currency.

hey all,
they said it should not be used they did not say it is forbidden to use it... one also should not drink to much...
just my 2 cents

[/dev/null]

Also a telecom company is not a financial institution.

[pand70]

Please explain, in detail, how this decision could send all cryptos tumbling down?

China .Gov said "bitcoin can't be accepted by financial institutions cuz it's not currency," "bitcoin is dumb lol, totally not a currency," "exchanges and such need to use KYC/AML so we can spy on you," and that is supposed to send all cryptos tumbling down?

Baidu already removed the option to pay in bitcoins for their services. It seems that you missed the part of the announcement where the bank of china states that bitcoin should not be used in the market as currency.

hey all,
they said it should not be used they did not say it is forbidden to use it... one also should not drink to much...
just my 2 cents

Are you telling this to me or to baidu? You may want to mail their legal department because they seem they can't understand the notice

[kdrop22]

Is't this old news, haven't they stopped accepting it after the latest ruling.