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Author Topic: Can the chinese ban of bitcoin be bypassed?  (Read 1248 times)
Flashman
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April 15, 2014, 01:25:14 PM
 #21

BTC China reportedly unaffected so far...

http://www.coindesk.com/pboc-deadline-day-business-usual-btc-china/

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Lamber
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April 15, 2014, 01:36:11 PM
 #22


That is great, that they are unaffected.
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April 15, 2014, 03:13:52 PM
 #23


Not a surprise lol.
Let's guess when will we see those "China banned bitcoin news" again. Tongue

DodoB
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April 15, 2014, 03:44:25 PM
 #24

Yes,but you might get to court for this thing,it is considerd a crime.
Kiki112
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April 15, 2014, 08:42:12 PM
 #25

Yes,but you might get to court for this thing,it is considerd a crime.

for what?

BITCOINS AREN'T BANNED IN CHINA

only banks are not allowed to trade with them

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April 16, 2014, 03:10:39 AM
 #26


That is great, that they are unaffected.

Best Idea is to get an account setup with 'Ken" over at  https://anxbtc.com
He runs  a clean government registered exchange in Hong Kong and complies with all the applicable business registration rules.
I would expect that when they cannot change the BTC back to US/RMB in China (yep I know you can do deals on the 'street' the problem is validating the RMB bills are not fake) they will go to the first applicable exchange available where they can physically draw the cash out within a day or so. (it's an Ideal day trip)

It may be worth looking at some purchases when the lows start to come out.

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giantblckdld
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April 16, 2014, 09:02:04 AM
 #27


Trade with cash, problem solved.  Cool

apsvinet
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April 16, 2014, 12:45:04 PM
 #28

Yes,but you might get to court for this thing,it is considerd a crime.

for what?

BITCOINS AREN'T BANNED IN CHINA

only banks are not allowed to trade with them
For the reason that Bitcoin is not considered a currency ( thank god ) in China. More like collectable items with a value. I don't think banks are allowed to trade with other collectable items either. However the China ban on bitcoins was just rumors spread and escalated into prices sinking.

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April 16, 2014, 02:27:20 PM
 #29

I'm not currently in China but I was wondering whether it would be possible to bypass the ban which could maybe negate some of the negative effects the ban would have on the currency

All expected that bitcoin will be banned in china on 15 april but it wasnt? SO IT ISNT BANNED ATLEAST FOR NOW..
apsvinet
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April 16, 2014, 03:00:55 PM
 #30

I'm not currently in China but I was wondering whether it would be possible to bypass the ban which could maybe negate some of the negative effects the ban would have on the currency

All expected that bitcoin will be banned in china on 15 april but it wasnt? SO IT ISNT BANNED ATLEAST FOR NOW..
Nobody with their mind in the right place expected a ban, however most people were afraid of it. However no, it's not banned, therefore the price is rising.

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