Central bank of China criticize two banks in China for not stop business ......

[Bitcoinpro]

Its ok they can let us build the Great Wall of Crypto in the West

[sana8410]

They cant stop it entirely seems like they are trying to slow down its adoption then help, they feel a big threat from bitcoin seemingly they have been doing this for quite a whiile.

[counter]

The central banks is trying to make up the rules as they go along and that is not okay.  They want to control everything and people are just supposed to accept that as the norm but it is far from being normal.  It is an abuse of power, time to push back buy supporting those that choose to not follow the power hungry central bank of china.  Any links the this story are appreciated.

[Robert Paulson]

doesn't surprise me one bit that the Chinese dictators hate bitcoin.
bitcoin represents the ultimate monetary freedom, no way it will be allowed in a country where you're not even allowed to criticize the government out in the open.

[best-miner.com]

actually, it's means, in a wrods,China government want to ban bitcoin just said before, and we believe chinese could hardly find a way
deposit money to exchange or even withdrawal money from exchange in the near future.

At least, people in China can still use the ATMs and do p2p trades.

They reserve ATMs for the next ban.

P2P trading is possible but not for large volume, it's also inconvenient. China market will never has the same volume with this method.

That's true. What about the Chinese people going to Hong Kong and make trades there?
I know it is definitely inconvenient and time-consuming, but is it feasible?

It works to a certain extent, i know some platform locate in Hongkong can recharge and withdraw RMB online, but their volume is too small compare to huobi and okcoin. but if Chinese goverment totally baned bitcoin in mainland, those platform can get many customers from huobi and okcoin i think.

[Acidyo]

There is nothing that can stop bitcoin and cryptocurrency in general, let them try. In the end, bitcoin will succeed, just like the internet did in the 80s.

[EvilPanda]

The central banks is trying to make up the rules as they go along and that is not okay.  They want to control everything and people are just supposed to accept that as the norm but it is far from being normal.  It is an abuse of power, time to push back buy supporting those that choose to not follow the power hungry central bank of china.  Any links the this story are appreciated.

It will work itself out when the exchanges start accepting cash, how will CBOC deal with that? Interrogate every single citizen before allowing him to withdraw money?
Let's not forget that you can simply exchange yuan to USD and buy bitcoins.

[Kazimir]

so can people stop basing their Western investments on Eastern FUD

Yeah, but... PANIC!!!