RUEHL (OP)
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April 25, 2014, 04:13:47 AM |
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PBOC held a serious talk with Chinese banks and payment service providers on April 24, requesting that they stop withdrawal for trading platforms and close accounts completely. I think this is the 10th time they've done this already?
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Donate BTC: 1FzpMgR34pJbEqtiMEujRiidoL7PgGPaUH
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Siegfried
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April 25, 2014, 04:17:00 AM |
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So that's why the rapid plunge. I should have guessed.
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Elwar
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Viva Ut Vivas
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April 25, 2014, 04:19:14 AM |
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This is the super serious non-secret we're serious this time ban from the chinese banks.
Last one...honest.
Until the next one.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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TheButterZone
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RIP Mommy
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April 25, 2014, 04:20:07 AM |
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China's just going to keep banning BTC every fucking month and because everyone in China is apparently dosed with amnesia drugs every fucking month, BTC will keep tanking out of absolutely idiotic "fear". It's long past time China's bluff is called, if they're going to genocide BTC hodlers or not.
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Saying that you don't trust someone because of their behavior is completely valid.
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Bit_Happy
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A Great Time to Start Something!
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April 25, 2014, 04:44:32 AM |
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Buy when there is Chinese blood in the streets?
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bryant.coleman
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April 25, 2014, 04:48:33 AM |
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So that's why the rapid plunge. I should have guessed.
China news no longer have any effect on the Bitcoin exchange rates. The real reason for the recent drop was the confirmation of Mt Gox liquidation by the Japanese courts and the possibility of an auction of the remaining Gox coins.
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analau
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April 25, 2014, 04:53:49 AM |
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If at least we had a resilient community compromised with the cause
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theFork
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April 25, 2014, 05:08:09 AM Last edit: April 25, 2014, 05:31:08 AM by theFork |
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Yawnnnnnn not again
FUD FUD FUD, and even if true, its what 3rd or 4th time in as many months? PBOC or those misrepresenting it are starting to look pretty ineffectual.
The mantra in China is the GOV can do anything. So the people stay in line
If I was PBOC, I would be getting my %$%T in order eg shut down FUD from 3rd party sources eg Caxin, or clear it up.
Else people of China are going to see for the first time in their memory that the Central Gov is clearly powerless.
Don't get me wrong I'm not China Gov bashing as thier Gov is in someways more effective than several alternatives.
Once this faith is lost its game over China Gov.
So the Central Gov needs to sort out PBOC which need to sort themselves and Media out.
They are really looking like ineffectual dicks.
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Its About Sharing
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Antifragile
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April 25, 2014, 06:20:36 AM |
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Starting to get the impression that China isn't banning bitcoin outright but is trying to get the same result as banning bitcoin. Basically, people in countries like China, Russia, etc. don't really respect governments due to corruption. So, these corrupt governments are careful with words. If they outright ban it, it draws attention. So, plan B is in effect. (But B is for BTC ) It just looks like they are slowly tightening the noose around BTC's neck. What they don't realize is that Bitcoin is akin to a digital honey badger with no neck. Now they are Napsterizing Bitcoin in China. Watch new and innovative ways of getting money into bitcoin appear (e.g. - BTCe for starters accepting deposits). But something much more difficult to stop is in gestation now... China can't seem to understand, Its about sharing
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BTC = Black Swan. BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Siegfried
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April 25, 2014, 06:28:49 AM |
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Yawnnnnnn not again
FUD FUD FUD, and even if true, its what 3rd or 4th time in as many months? PBOC or those misrepresenting it are starting to look pretty ineffectual.
The mantra in China is the GOV can do anything. So the people stay in line
If I was PBOC, I would be getting my %$%T in order eg shut down FUD from 3rd party sources eg Caxin, or clear it up.
Else people of China are going to see for the first time in their memory that the Central Gov is clearly powerless.
Don't get me wrong I'm not China Gov bashing as thier Gov is in someways more effective than several alternatives.
Once this faith is lost its game over China Gov.
So the Central Gov needs to sort out PBOC which need to sort themselves and Media out.
They are really looking like ineffectual dicks.
It is likely that the Chinese government is trying to keep the price down for as long as it can in order to acquire as many BTC as it can before "to the moon." The government can keep its power by possessing a huge amount of BTC.
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RockHound
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April 25, 2014, 06:29:09 AM |
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Here's the full article using Google Translate:
Observer words: Bitcoin trading platform for the previous practice of using a variety of alternative ways continues the transaction, the Bank of serious interviews relevant agencies, hoping to guide people away from the Bitcoin virtual currency such as the proliferation of transactions.
Caixin reporter Li Sui Sui / text
April 24 morning, the Bank of interviews with some of the commercial banks and third-party payment agencies to deploy the next phase of the prevention and control of risk bitcoin, want to completely cut off the chain of funds Bitcoin transactions.
From April 22 the central bank began by China Association for Payment Clearing the deployment of the interviews, the object to be interviewed, including commercial banks still with Bitcoin transactions and third-party payment agencies, the number of not less than twenty, including major commercial banks, Paypal, money paid through other large payment institutions, as well as pre-currency net recharge codes involved in a fire incident prone paid EPRO payments.
The interviews hosted by the Central Bank of the Law Secretary Muhuai Peng, participants include the central bank to pay Secretary Li Yue, and many other central bankers, specifications unprecedented high.
Central Bank sources said that this is mainly for interviews after April 15 Bitcoin prices rebounded sharply, the account does not reach the intended purpose of cleaning up the embarrassment.
Central Bank in March issued "on further prevent the risk of bitcoin notice", stressed banks and third-party payment institutions may not serve Bitcoin transactions cleared in the current account deadline April 15. However, on April 15, the majority of Bitcoin trading platform is still functioning, Bitcoin prices also soared from 2,500 yuan to 3,000 yuan.
Interviews in someone's organization criticized the central bank for someone's body one by the criticism and criticized the Bank of China for the current account remains BTCChina and Merchants Bank.
Mu Huaipeng Secretary reiterated the five ministries "on guard against the risk of Bitcoin notice" and "to further prevent the risk of bitcoin notice" on the financial institutions and payment institutions shall not provide, directly or indirectly related to bitcoin services policy requirements.
After "further guard against the risk of bitcoin notice" issued, including fire currency network, OKCoin including trading platforms have "another way" to launch "recharge code" recharge mode, bypassing financial institutions, and other forms of online sales through trafficking cards, recharge after use on the platform.
OKCoin launched a recharge code, users can now raise the yuan to become recharge code, and then transferred to the recharge code OKCoin other users to recharge. Recharge codes need to be purchased from the agent. Fire currency net and BTCChina also taken a prepaid recharge code distributed manner.
In this regard, the central bank reiterated a "further guard against the risk of bitcoin notice" the reference to "commercial banks and third-party payment agencies Bitcoin trading platform provides direct services are provided with Bitcoin related services, for the sale of prepaid code provide services are indirectly related services with bitcoin, "the central bank said the two services must be stopped, commercial banks and third-party payment agencies must immediately involved in the various accounts and interfaces for cleaning.
As of April 24, all Bitcoin trading platform has been fully recharge way to stop third-party payment. Most bank card remittance channels have been closed, however, are still allowed to bitcoin bank transfer and cash withdrawal services platform.
In the interviews emphasized the central bank, cash function must also be stopped.
The central bank also requires the agencies need to assign someone to monitor changes in the way funds transfer Bitcoin transactions, the new account to receive a list issued by the central bank, and make quick response.
The proliferation of virtual currency crisis the central bank requires commercial banks and third-party payment agencies before May 10 "Bitcoin Beijing International Summit" held to convey to the public that it no longer provides financial services to any Bitcoin transactions attitude to guide people away from Bitcoin transactions.
The status quo of China's current flood of virtual currency, the Central Bank also specializes in interviews emphasize commercial banks and third-party payment institutions should learn by analogy, to the virtual currency vigilant.
A large commercial banks have also confirmed to reporters that the central bank of the above requirements, noting that before taken part in interviews, the bank has conducted a comprehensive investigation, confirmed that the issue itself is not illegal, but the account information provided by the central bank after the interviews Look, there are many areas of the bank branches opened an account irregularities. "Irregularities shocking grasp the central bank account information than our own is also clear that the central bank's determination also much greater than we expected." The source said.
At present, although most of the world's central banks on Bitcoin negative attitude, but like China's central bank so resolutely "ban" Bitcoin is rare that China's Bitcoin many fans unhappy. However, the central bank and other five ministries "on the prevention of risk Bitcoin notice" and the central bank governor Zhou Xiaochuan speech at the Boao Forum for Asia can be seen, the central bank is actually taking a bitcoin tolerant attitude, though not admitted its monetary properties, but also allow people to be traded as a commodity that can be used as collectibles collection. Bitcoin action against the central bank is actually bitcoin exchange for rectification of the move.
The source pointed out that the biggest difference between development and foreign Bitcoin China is trading patterns. Bitcoin enter China in a short period of two or three years, China has dozens of soaring out of a variety of Bitcoin trading platform, trading varieties in addition to Bitcoin, Wright coins, there are apples coins, currency and other dogs varied "cottage" dozens of virtual currency, trading will evolve to spontaneous folk organized exchanges. However, these transactions did not play a price discovery platform to promote the positive role of Bitcoin development, but on the contrary, through the so-called "currency finance financial" leverage trading and short mechanism, completely China's virtual currency trading becomes Makers fight each other, the investor's profit-driven bloodbath repeated games, even gradually slide into the abyss of money laundering, illegal fund-raising and other criminal activities.
Interviews that day, Paypal on the release of the "Convention on the Prohibition payment service for my company statement Bitcoin transactions" in the official microblogging. The statement said: "In order to protect the property interests of the public, maintain the legal status of the yuan currency to prevent money laundering risks, from now on, any organization or individual may pay a bit of my company all kinds of coins, currency and other transactions Wright fund services for recharge and withdrawals, purchases and sales of related transactions and other activities recharge codes may not be transferred by my company's services related to trading capital. Upon discovery, the company is entitled to immediately stop the service. general public found out that the behavior can be reported to the company. "
As of April 24, the price of various Bitcoin Bitcoin trading platform is about 3,000 yuan. ■
No doubt there's BTC movement today, what do you guys make of this?
Are respective exchanges recharge codes/vouchers still ok?
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superduh
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April 25, 2014, 06:48:11 AM |
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lets have chinese just stay out of this game.. their loss. let them keep buying USD? or whatever stupid thing they want to do
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ok
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theFork
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April 25, 2014, 06:48:55 AM |
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other dogs varied "cottage" and there we go....dogecoin, if true PBOC just made themselves a laughing stock, someone shop a doge on the chinese flag and over chairman meow and it will go viral.
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Yuki1988
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April 25, 2014, 06:52:27 AM |
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PBOC held a serious talk with Chinese banks and payment service providers on April 24, requesting that they stop withdrawal for trading platforms and close accounts completely. I think this is the 10th time they've done this already? Oh my, I am really tired of this China ban news again and again...
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minime
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April 25, 2014, 06:56:26 AM |
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lets hope that they know what they are doing playing with fire which can not be controlled could lead to a wild fire, which could lead to revolution
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Bit_Happy
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A Great Time to Start Something!
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April 25, 2014, 06:57:51 AM |
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lets have chinese just stay out of this game.. their loss. let them keep buying USD? or whatever stupid thing they want to do
We can (finally/eventually/hopefully) learn to ignore them. Asking the Chinese to stay away is not possible.
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theFork
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April 25, 2014, 08:18:04 AM |
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Gaman
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April 25, 2014, 08:32:21 AM |
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I am really confuse. does this kind of news still affect bitcoin price?
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Leogheo
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April 25, 2014, 09:08:51 AM |
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Is this the 10th time they've done this already? I feel they did that shit everyday
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scriptcloud
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April 25, 2014, 09:14:30 AM |
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Maybe they are secretly buying in and they have to put it down .. to buy in more ... what do you think?
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Testing123
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April 25, 2014, 10:30:07 AM |
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I am really confuse. does this kind of news still affect bitcoin price?
For some strange reasons, people still get panic again and again reading the same "news".
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findftp
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Delusional crypto obsessionist
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April 25, 2014, 11:26:05 AM |
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Maybe they are secretly buying in and they have to put it down .. to buy in more ... what do you think?
I think so, just like they do with the gold price.
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LeChatNoir
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April 25, 2014, 11:27:10 AM |
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I am really confuse. does this kind of news still affect bitcoin price?
For some strange reasons, people still get panic again and again reading the same "news". Those who panic are just 3 or 4 monkeys in China, huge fake volume on their junk exchanges do the rest as they drag down the whole market. This is just FUD FUD FUD buy as much as you can and say thank you to those monkeys for the gift.
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Coinpanion.io - Copy Successful Crypto Traders
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gagalady
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April 25, 2014, 11:45:01 AM |
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who cares? I don't care about chinese news. I hope bitcoin will recover. Let china people totally sell their coins and they'll have no effect in bitcoin if they don't need It they could not use It...
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russokai
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April 25, 2014, 11:50:46 AM |
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I am really confuse. does this kind of news still affect bitcoin price?
No it is totally a coincidence that 5 minutes after this news came out, the bitcoin price dropped 15%. And all those other times were coincidences too. So no it doesn't affect the bitcoin price. And when Gox shut down and BTC dropped 20%, that was a coincdence too. LOL
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descarte
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April 25, 2014, 11:52:28 AM |
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easy, ban china from using bitcoin.
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findftp
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April 25, 2014, 11:52:37 AM |
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I am really confuse. does this kind of news still affect bitcoin price?
Since you are confused I would say yes. There are still weak hands.
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1Pakis
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April 25, 2014, 11:53:12 AM |
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Can they f...ing stop announcing that they will ban it and actually ban it so we can move on?
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Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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Peter882
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April 25, 2014, 11:54:50 AM |
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PBOC held a serious talk with Chinese banks and payment service providers on April 24, requesting that they stop withdrawal for trading platforms and close accounts completely.
Has this "serious talk" really happened, or is it just a rumor / unconfirmed ?
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