2013-12-08 Siliconangle: Bitcoin isn’t banned in China, only legally defined

[Cunningham]

Bitcoin isn’t banned in China, only legally defined.
http://siliconangle.com/blog/2013/12/08/bitcoin-china-meaning/

I used to be a vice president for a large investment bank based in Hong Kong, so I can provide a little better insight than most on what’s going on with.

The People’s Bank of China has basically given the green light for Bitcoin trading and exchanges.  They are trying to keep Bitcoin trading “separate” from the other parts of the financial system so that if Bitcoin blows up, then nothing bad will happen.  The thing that I think they are worried about is a Lehman Brothers-style situation in which something blowing up in derivatives brings down the rest of the economy.

Please read the whole informative article, it's a good one.

[LiteCoinGuy]

correct, a must read.

[Noruka]

Bitcoin isn’t banned in China, only legally defined.
http://siliconangle.com/blog/2013/12/08/bitcoin-china-meaning/

I used to be a vice president for a large investment bank based in Hong Kong, so I can provide a little better insight than most on what’s going on with.

The People’s Bank of China has basically given the green light for Bitcoin trading and exchanges.  They are trying to keep Bitcoin trading “separate” from the other parts of the financial system so that if Bitcoin blows up, then nothing bad will happen.  The thing that I think they are worried about is a Lehman Brothers-style situation in which something blowing up in derivatives brings down the rest of the economy.

Please read the whole informative article, it's a good one.

indeed, getting tired of having people that i talk to ask why China banned bitcoin.

Watching too much CNN

[zeroday]

Another lesson for those doomsday panic-sellers

[EnderHf]

If china didn't start panic selling I'm pretty sure the price would be 1,500+ but thankfully the price of bitcoins is slowly climbing back up again.