Big news.China central bank closed the internet transfer channel to market.

[asiabtc]

 >:(Big news.China central bank closed the internet transfer channel to  market.
local investor cannot use the internet transfer channel now. before they can use local internet payment way, like paypal, to transfer rmb to exchange to buy and sell market. this action will hit chinese bitcoin investment.

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[BitAddict]

Big news.Chinea central bank closed the internet transfer channel to  market.
local investor cannot use the internet transfer channel now. before they can use local internet payment way, like paypal, to transfer rmb to exchange to buy and sell market. this action will hit chinese bitcoin investment.

source?

[pand70]

source?

I haven't heard of any official source so far but i know of one source that usually don't lie. Btcchina 

[ArpFlush]

It's on Coindesk: http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/ but still nothing official yet

[tsoPANos]

That's very bad, China is not just random country, we talk about 1 billion of people!
China has a very high effect on the bitcoin market.
I expect a big fall.

[ArpFlush]

It could be a manipulation move from "who knows": http://www.btc38.com/btc/btc_market/476.html

[CIYAM]

Another FUD topic to try and push the price down - we already have at least 3 others.

If you bother to try it out yourself you'll find that btcchina is working fine (as has been pointed out in the other silly FUD topics).

(also interesting to note that these topics are mostly being created by "new accounts")

[pbody]

Another FUD topic to try and push the price down - we already have at least 3 others.

If you bother to try it out yourself you'll find that btcchina is working fine (as has been pointed out in the other silly FUD topics).

(also interesting to note that these topics are mostly being created by "new accounts")

Its true. They are closing it off by end of Jan 2014.

[mayax]

Another FUD topic to try and push the price down - we already have at least 3 others.

If you bother to try it out yourself you'll find that btcchina is working fine (as has been pointed out in the other silly FUD topics).

(also interesting to note that these topics are mostly being created by "new accounts")

You should post facts not other "things".  

FACTS:   Bitcoin China will be closed within 30 days. They are not accepting funding by bank transfer.

See the funding/withdrawal options for BTC China:
In both screenshots, all the 3rd party payment companies have disappeared from Funding Options with the exception of Yeepay.

For the Withdrawal Options, only 5 options remain. all of them banks.

Both screenshots are from today. It is also mentioned in article that some guy attempted to fund an BTC China account via a Merchants Bank of China account, and was met with 'transaction errors'. i.e. it was not possible to deposit funds through this bank today, whereas it was possible a couple of days ago.






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[Steveia]

BTC China is closing in 30 days--is this a statement of fact?

[asiabtc]

Another FUD topic to try and push the price down - we already have at least 3 others.

If you bother to try it out yourself you'll find that btcchina is working fine (as has been pointed out in the other silly FUD topics).

(also interesting to note that these topics are mostly being created by "new accounts")

You should post facts not other "things".  

FACTS:   Bitcoin China will be closed within 30 days. They are not accepting funding by bank transfer.

See the funding/withdrawal options for BTC China:
In both screenshots, all the 3rd party payment companies have disappeared from Funding Options with the exception of Yeepay.

For the Withdrawal Options, only 5 options remain. all of them banks.

Both screenshots are from today. It is also mentioned in article that some guy attempted to fund an BTC China account via a Merchants Bank of China account, and was met with 'transaction errors'. i.e. it was not possible to deposit funds through this bank today, whereas it was possible a couple of days ago.






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of course, it's fact. the china central bank has announced this policy.all bank and electronics pay company cannot help the exchange market to setup official transfer channel. now, only personal transfer way is still kept. it means you can only transfer your money to personal bank account. this is not safe for normal investor. market is coming down in china.

[johnyj]

I have put so many buy orders at $600, $500, $400, $300, $200, $100, but unfortunately none of them get triggered

[invisiblehand]

I have put so many buy orders at $600, $500, $400, $300, $200, $100, but unfortunately none of them get triggered

600s might trigger soon

[CIYAM]

FACTS:   Bitcoin China will be closed within 30 days.

Just exactly where does it say that they are closing in 30 days?

[iluveunc]

A big fallout again tonight - waiting for the bounceback now so I hopefully can make some money on the low buy...

[XylemUP]

1)  CHINA FORCES PRICE OF BITCOINS TO DROP

2)  CHINA BUYS DICKLOADS OF BITCOINS ONCE PRICE HAS DROPPED

3)  CHINA ALLOWS BITCOINS AGAIN, CHINA SUCH RICH MANY DORRU


yep

[ABitBack]

1)  CHINA FORCES PRICE OF BITCOINS TO DROP

2)  CHINA BUYS DICKLOADS OF BITCOINS ONCE PRICE HAS DROPPED

3)  CHINA ALLOWS BITCOINS AGAIN, CHINA SUCH RICH MANY DORRU


yep

They did say "suspended". That would be hilarious. They like their gold, cash and bitcoin don't they

[polarhei]

I think, The source is not valid in my opinion. Only affects business-type banking accounts at a moment as PBC dislikes the Lehman incident.So be it. Personal to Personal is allowed based on notice issued by PBC dated on 5 Dec 2013. May people say the action has noticed, premature. (http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/,http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/, all accessed on 18 Dec 2013)

It needs time to adjust, Different countries will do the similar things to capture bitcoin (or equivalent) as much as possible. There are three panic sales happened this year. These people do not stop, The States Has captured at least 125K BTC. They just wait until necessary formal trial are finished, committed.

There are business made, more than expected as people think good time to get more and more, then reach to highest, dump almost all.

1. USD 266 to USD 50 (False message sent for mtgox is under Ddos Attack, causing panic sales, people grab the cheap coins) on April 2013
2. USD 900 to USD 450 (Three major players (US,PRC,NIPPON), try to send message to slow down, November 2013)
3. USD 1200 to USD 480 (notice(PBC) misread, merchant denial message, bank fiendish (not on personal accounts based on notice). This moment)

[gooki]

It's all over the news. I think the devaluation will go a bit over the percentage amount of what China was holding in Bitcoins, unless people totally panic then we're looking at a deeper hole.
We also have to take note that this is now becoming a big boy game. Once governments with their incredible public opinion sway and resources are in the picture, small 1,10,20,100,1000 etc bitcoin in my wallet people have absolutely zero to say.

[mayax]

FACTS:   Bitcoin China will be closed within 30 days.

Just exactly where does it say that they are closing in 30 days?

CIYAM, I said that .  I am the source  )

I came here with the news that BTC China will be down and here it is. It's down.

You said that I am bringing FUD while I told you that I am saying the truth and that you will see in 2-3 days.

Now, 2 days has passed and all I said was true. Next time, believe my words.

Do you want me to tell you who will be the next Bitcoin exchanger who will close its business?

Stay cool, it won't be before February. It's enough BTC china for now.