[2014-01-30] BTC China Once Again Accepting Bank Deposits

[viajero]

http://kculshare.com/2014/01/btc-china-once-again-accepting-bank-deposits/

It was previously noted that banks in China would be unable to work with bitcoin exchanges, but BTC China feels the message from the People’s Bank of China has been misinterpreted. Lee is of the opinion that PBOC’s guidance means that banks must not personally get involved in the bitcoin business.

The news is well-received, but many are concerned that the People’s Bank of China — the country’s central bank — might crack down on this ‘interpretation’ of their guidance in the near future.

http://www.coindesk.com/btc-china-accepting-bank-deposits/

He explained there’s the potential the central bank and/or the Chinese government could “change the rules of the game”, enforcing stricter policies, but for now he is confident his company is not doing anything wrong.

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[seriouscoin]

Good for Bobby, great work. Now has he learned of making connection yet? Bribe bribe bribe !

[pabloangello]

Good for Bobby, great work. Now has he learned of making connection yet? Bribe bribe bribe !

That's surprise - previously they said that after 31 of Jan something completely different will happen

[guybrushthreepwood]

Uh, so much misinformation about regarding China.

[ujka]

When I first read the (translation of) Bank of China statement last month, I understood it that way: banks and other financial institutions are not allowed to deal with bitcoins directly, but exchanges can continue so, with proper registration with authorities, and with identification of their customers.
But then followed so many (mis)information and (mis)interpretations...

[hilariousandco]

Uh, so much misinformation about regarding China.

Yeah, so is Lee taking a risk here, or was the previous news of a ban merely FUD and scaremongering?

[patricktim]

wow great news.