Now is the time to BUY BUY BUY!!!
UPDATE (28th March, 10:00 GMT): Sources in China have reported since this article appeared that the ‘rumors’ contained in the Caixin story appear to be true, though bitcoin exchanges still have received no official notice from the People’s Bank. The bitcoin price has continued to drop, now sitting just above $500.
There is a rumor on Reddit that the reporter of Caixin article is daughter of vice minister of finance, so it must be true.
This ban will cause much more damage than December ban. On December, China forbid all merchants to accept Bitcoin as payment, but traders are still buy and sell normally. However April ban will be different, exchanges now being forbidden from touching banking system, which mean at least 95% of trading volume would be killed.
