Despite the prophets of doom (well mainly stupid economists) declaring that the recent actions of the Chinese central bank would dramatically hit Bitcoin, these people thus far appear to have been wrong. I have also noticed some on the Bitcoin Forum claiming that when the policies were enacted at the end of January this would cause a significant negative effect (but this has not happened, probably because any hit has already been taken with the release of the memo).
There is considerable ambiguity around the declaration of the People's Bank of China that caused a significant temporary drop in the value of Bitcoin from its all time high a couple of months ago (in English here)
https://vip.btcchina.com/page/bocnotice2013In fact after the Chinese legislation attempting to stop some Bitcoin exchanges at the end of January, the major Bitcoin exchanger in China is still open for business claiming they do not contravene the memo, and allowing Bitcoin-to-Yuan deposits.
http://rt.com/business/bitcoin-china-btc-reopen-458/So my question is quite simply: What do you think is going on here and how is this likely to pan out in the future months in China?
