[2014-04-28] MW: Coinreport Bitcoin exchange halts consumer deposits tied to CMB

[bryant.coleman]

http://www.marketwatch.com/story/bitcoin-exchange-halts-deposits-from-chinese-bank-2014-04-28

Chinese bitcoin exchange BTC China is no longer accepting customer deposits in yuan from one of the country’s largest banks, China Merchants Bank Co. The move by the exchange, which had been the largest bitcoin dealer in the world for a brief period last year, is the latest indication of the Chinese central bank’s clampdown on trading of the virtual currency. China Merchants Bank told BTC China to cancel accounts with it, according to a posting by the exchange on its official account with the microblogging site Sina Weibo on Monday.

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[notthematrix]

well btc-e DOES accept CNY in both ways so no real problem here.
https://btc-e.com/news/203

[FeedbackLoop]

well btc-e DOES accept CNY in both ways so no real problem here.
https://btc-e.com/news/203

But CNY from China to BTC-e is subject to capital controls in place in China, no?

[bryant.coleman]

well btc-e DOES accept CNY in both ways so no real problem here.
https://btc-e.com/news/203

I think that the BTC-E accepts CNY deposits only from Hong Kong and other non-mainland nations. Anyway... that doesn't matter... as one can easily convert the USD to CNY once the funds are transferred to the account.

[notthematrix]

well btc-e DOES accept CNY in both ways so no real problem here.
https://btc-e.com/news/203

I think that the BTC-E accepts CNY deposits only from Hong Kong and other non-mainland nations. Anyway... that doesn't matter... as one can easily convert the USD to CNY once the funds are transferred to the account.

it''s using offshore accounts in londen hongkong australia and singapore.
http://www.rmb.hsbc.com/ welcome in the offshore world.