Bitcoin Forum
May 07, 2024, 08:20:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again  (Read 2856 times)
AnhBen (OP)
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
January 31, 2014, 08:24:11 AM
 #1

BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/

Twitter @iKcul
Best news agg: http://KculShare.com
XPM: AVmbdubJMrEDBgpvxaXGTqtdB8C2CRSk7f
1715113215
Hero Member
*
Offline Offline

Posts: 1715113215

View Profile Personal Message (Offline)

Ignore
1715113215
Reply with quote  #2

1715113215
Report to moderator
1715113215
Hero Member
*
Offline Offline

Posts: 1715113215

View Profile Personal Message (Offline)

Ignore
1715113215
Reply with quote  #2

1715113215
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
BTCIndia
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500

vini, vedi, no vici.


View Profile
January 31, 2014, 08:25:36 AM
 #2

You kidding me? I don't believe this post. As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow.

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 31, 2014, 08:32:02 AM
 #3

You kidding me? I don't believe this post. As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow.

I have my doubts how long this will last. Sounds a bit desperate to me. The CEO previously turned this option down, but has now chosen it as the way forward. Why? Because he has not other way forward.
CoinCidental
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Si vis pacem, para bellum


View Profile
January 31, 2014, 08:40:36 AM
 #4

it seems to be true ,the chinese are allowed to buy btc again

this should be good for anyone who didnt sell in a panic  Wink
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 31, 2014, 08:43:27 AM
 #5

it seems to be true ,the chinese are allowed to buy btc again

this should be good for anyone who didnt sell in a panic  Wink

Please read what the BTC China CEO had to say about it before declaring "Chinese are allowed to buy btc again" - he's just using a workaround to keep his business going. It could last 24 hrs, it could last a month. But I don't think its a long-term solution.
CoinCidental
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Si vis pacem, para bellum


View Profile
January 31, 2014, 08:49:41 AM
 #6

thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 31, 2014, 08:51:43 AM
 #7

thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again

lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
cr1776
Legendary
*
Offline Offline

Activity: 4032
Merit: 1301


View Profile
January 31, 2014, 08:57:44 AM
 #8

thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again

lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.

I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
January 31, 2014, 09:00:02 AM
 #9

Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.

And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
CoinCidental
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Si vis pacem, para bellum


View Profile
January 31, 2014, 09:01:36 AM
 #10

thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again

lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.

I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)


it might be the government whose buying them Wink
smart move crashing the price down to 600 to pick up half price  coins
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 31, 2014, 09:02:47 AM
 #11

Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.

And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.

Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination?
bryant.coleman
Legendary
*
Offline Offline

Activity: 3654
Merit: 1217


View Profile
January 31, 2014, 09:03:44 AM
 #12

Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.  Grin
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 31, 2014, 09:05:30 AM
 #13

thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again

lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.

I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)


it might be the government whose buying them Wink
smart move crashing the price down to 600 to pick up half price  coins

Like the Chinese governments needs to spend its time earning a few millions $ at best. You know the GDP of China right?
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
January 31, 2014, 09:06:02 AM
 #14

Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.

And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.

Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination?

Now you ask me, I would say yes.

I have been doing bank deposits and withdrawals with Huobi the last month, all is working well.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
CoinCidental
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Si vis pacem, para bellum


View Profile
January 31, 2014, 09:06:43 AM
 #15

Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.  Grin

not according to the news ,deposits are back on it seems

https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
BTCIndia
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500

vini, vedi, no vici.


View Profile
January 31, 2014, 09:11:21 AM
 #16


Thanks for updating with google link. I sincere apologize!I wonder, what will be effect on Bitcion price?

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
bryant.coleman
Legendary
*
Offline Offline

Activity: 3654
Merit: 1217


View Profile
January 31, 2014, 09:26:20 AM
 #17


Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable.

What about the RMB withdrawals?
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
January 31, 2014, 10:11:22 AM
 #18


Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable.

What about the RMB withdrawals?

It has always worked, never part of anyone's version of the "ban".

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
hilariousandco
Global Moderator
Legendary
*
Offline Offline

Activity: 3808
Merit: 2616


Join the world-leading crypto sportsbook NOW!


View Profile
January 31, 2014, 10:19:58 AM
 #19

BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/

Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin

Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
January 31, 2014, 10:43:36 AM
 #20

BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/

Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin

Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?

It is more like FUD on the Central Bank's part, deliberate ambiguity to freak people out.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!