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Author Topic: [2014-01-30] BTC China Once Again Accepting Bank Deposits  (Read 1011 times)
viajero
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January 30, 2014, 04:03:37 PM
Last edit: January 30, 2014, 04:28:53 PM by viajero
 #1

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

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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/

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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
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January 30, 2014, 04:52:11 PM
 #2

Good for Bobby, great work. Now has he learned of making connection yet? Bribe bribe bribe !
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January 30, 2014, 05:06:58 PM
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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 Tongue
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January 30, 2014, 05:07:46 PM
 #4

Uh, so much misinformation about regarding China.
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January 31, 2014, 10:04:44 AM
 #5

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...
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January 31, 2014, 10:22:52 AM
 #6

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?





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January 31, 2014, 10:27:42 AM
 #7

wow great news. Grin

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