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Author Topic: China orders banks to shut Bitcoin exchange accounts  (Read 3219 times)
windpath
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March 27, 2014, 02:01:45 PM
 #1

When the news service Caixin reported this this morning CoinDesk called it "Unfounded rumors"....

Now bloomberg has picked it up, as factual news:

http://www.bloomberg.com/news/2014-03-27/pboc-orders-banks-to-shut-bitcoin-exchange-accounts-caixin-says.html

If this is true I'd say its a pretty big bummer for the Chinese and a blow to the overall Bitcoin economy, but not a death blow....

Thoughts?

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bitluryz
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March 27, 2014, 02:14:12 PM
 #2

http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now
windpath
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March 27, 2014, 02:24:03 PM
 #3

http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now

Ha, cool site, hope your right Smiley

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March 27, 2014, 02:35:28 PM
 #4

http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now
That site isn't working correctly.


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Patel
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March 27, 2014, 02:46:34 PM
 #5

http://fiatleak.com/

Fake ! Chinese are buying more cheap BTC now

That site shows buys and sells. Probably alot of people selling in China
Tonka Branded Truck
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March 27, 2014, 02:47:22 PM
 #6

I feel this is a hoax.

NickPortland
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March 27, 2014, 02:50:49 PM
 #7

So either it's another hoax, rehashed from the old story and people are so stupid as to fall for it

OR

China for some impressive coincidence just did what the hoax said they would


Either way, weird.

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Lordoftherigs
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March 27, 2014, 02:56:10 PM
 #8

In case it's not a hoax I wonder what the bottom price could be ?  
~Coinseeker~
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March 27, 2014, 02:58:50 PM
 #9

When the news service Caixin reported this this morning CoinDesk called it "Unfounded rumors"....

Now bloomberg has picked it up, as factual news:

http://www.bloomberg.com/news/2014-03-27/pboc-orders-banks-to-shut-bitcoin-exchange-accounts-caixin-says.html

If this is true I'd say its a pretty big bummer for the Chinese and a blow to the overall Bitcoin economy, but not a death blow....

Thoughts?

They haven't picked it up as factual news, they are simply reporting what Caixin is reporting.  That's why it says, "Caixin says" at the end of the title and includes in the first paragraph, "according to a Caixin news report today."  This allows them to report on the Caixin report, but can back track if it's false and simply blame Caixin.

softron
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March 27, 2014, 02:59:39 PM
 #10

Bad news trying to cause panic selling

S4VV4S
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March 27, 2014, 03:01:08 PM
 #11

It's OK, they are just trying to bring the BTC price down so they can buy more coins cheaper.

Those who know HODL!
ljudotina
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March 27, 2014, 03:01:16 PM
 #12

Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
NickPortland
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March 27, 2014, 03:01:55 PM
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Bad news trying to cause panic selling

You mean they as in Goldman Sachs?

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March 27, 2014, 03:09:09 PM
 #14

It's OK, they are just trying to bring the BTC price down so they can buy more coins cheaper.

Trying?

True it has dropped quite a bit but, are you panicking?

seriouscoin
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March 27, 2014, 03:10:53 PM
 #15

Gee.... more FUD to buy cheap coins...
windpath
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March 27, 2014, 03:14:11 PM
 #16

Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
No this is fresh this morning (or last night in China)

S4VV4S
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March 27, 2014, 03:14:20 PM
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Gee.... more FUD to buy cheap coins...


^^^^ EXACTLY!!!!
ljudotina
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March 27, 2014, 03:16:27 PM
 #18

Isnt this news 2-3 days old? Wasnt it dismissed by some china central bank or whatever?
No this is fresh this morning (or last night in China)

So basicly someone reposted old article that was proven to be false? Or is there this time some proof behind it?
windpath
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March 27, 2014, 03:18:43 PM
 #19

So basicly someone reposted old article that was proven to be false? Or is there this time some proof behind it?

No, they claim its breaking news, here is the original article bloomberg referenced dated today:

http://english.caixin.com/2014-03-27/100657518.html

~Coinseeker~
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March 27, 2014, 03:24:28 PM
 #20

Quote
The requirement, which Caixin saw in a document the central bank's headquarters recently sent to regional offices, says money can be taken from the accounts before the deadline, but no deposits can be made. Banks that fail to close the accounts will be punished, the PBOC said, but it did not elaborate on what those punishments would be.

Caixin would be taking a big risk lying about seeing this document.  I'm gathering Bloomberg feels the same way.  It may turn out to be rubbish but it doesn't look good either.
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