China withdraw issue?

[kebabrulle]

Hello there!

I have been reading and following here but my first topic here

I'm wondering about an issue. As you know China has blocked banks to deposit to BTC trade sites(at least BTCChina and Huobi right?). And the other thing was that the deadline for withdrawing CNY was 31st of January, or at least there was something like that if I remember right. I wonder if it is true? In that case is it only BTCChina that is not going to be able to withdraw CNY or all chinese trade sites gonna be blocked to withdraw CNY?

Any information about it?

Thanks!

[howzar]

I have no confirmed information about this (and I think china financial discussion forums have more details) but I think the limitations are to BTC exchangers in general (the ones with banks and maybe registered) not just BTCChina.

[Sutters Mill]

I have no confirmed information about this (and I think china financial discussion forums have more details) but I think the limitations are to BTC exchangers in general (the ones with banks and maybe registered) not just BTCChina.

Surely, like in the UK, the only regulation could possibly be around BTC exchanges (the funnels between Bitcoin and Fiat). They can't stop people from using it, but I can see why it would hurt the bitcoin economy if people aren't allowed to cash back out to fiat. If only because companies wouldn't adopt it. A company would only adopt it if their whole supply chain adopted it.

[kebabrulle]

Thanks for the answer, anyway anything new about the China bank withdrawal issue?