STOP PANICKING! Bitcoin is NOT banned in China, citizens CAN ACCEPT BITCOIN.

[mb300sd]

See http://www.quora.com/China/What-is-the-situation-regarding-Bitcoin-from-the-perspective-of-someone-in-China/answer/Joseph-Wang-9?srid=FmS&share=1

Especially the comments,

[wobber]

I know BTC is not banned. But what's the point trying to illuminate the piglets? You can't. So let there be blood.

[Elwar]

I went to a Chinese restaurant and when the check came I pulled out my phone told them I was going to pay with Bitcoin. They said no. I told them it was all I had. They called the cops.

Conclusion. Bitcoin is banned in China. Try to use it and you will be thrown in jail.

[shadowninjax]

I went to a Chinese restaurant and when the check came I pulled out my phone told them I was going to pay with Bitcoin. They said no. I told them it was all I had. They called the cops.

Conclusion. Bitcoin is banned in China. Try to use it and you will be thrown in jail.

LOL , I can't decide if you're making fun or speaking the truth. 

[Marbit]

hey, the bubble had to pop sometime. (yeah, yeah, bubble gets the idea across, anyway)

[pera]

Who is Joseph Wang?  

also: https://bitcointalk.org/index.php?topic=359067.0

[vendetahome]

I like the low price because I can buy low, when people realize the Chinese news is not so bad, they already loose a lot of bitcons by selling low and buying higher

[Bitsurprise]

Banned for financial institutions period , what guarantees you they wont ban people from using it ?

[windjc]

Banned for financial institutions period , what guarantees you they wont ban people from using it ?

What guarantees you that aliens want come raid your refrigerator tonight?

Yeah, thought so.

[Bitsurprise]

Banned for financial institutions period , what guarantees you they wont ban people from using it ?

What guarantees you that aliens want come raid your refrigerator tonight?

Yeah, thought so.

Mate its banned you're trying hard , the next step would be banning people , but either way , who cares if people can exchange WOW gold between themselves if it is not a currency and its not accepted by fin inst and businesses , what business will accept this so called virtual commodity there if the gov at anytime can ban anything and its already did for BTC wake matey ...

[NUFCrichard]

is it not because it is hella risky for financial institutions to own something that frequently goes up or doen by 50% in a few hours?
Seems like sensible practice, but that doesn't mean the man on the street can't use it, at theriw own risk.