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Author Topic: Central bank of China bans bitcoin gain ,banks will suspend all relative......  (Read 1982 times)
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April 29, 2014, 07:30:35 AM
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Central bank of China bans bitcoin gain ,banks will suspend all relative trade before 10th May

It’s said that central bank of China discussed with over 20 commercial banks and the third-party payment organizations on 28th April ,demanding them to suspend all bitcoin trading service and write off all accounts .Also ,it demanded the organizations to supervise bitcoin trading funds transference change and react to it rapidly .
According to the media ,largely commercial banks ,Alipay ,Tenpay ,Easy pay Yee pay .com and so on have joined in the discussion .With unclear policy ,many bitcoin trading platforms roll out “recharging code ”.Sell the cards through online shops ,which draws central bank of China attention .
Central bank of China claims “commercial banks and the third-party payment organizations provide bitcoin service for bitcoin trading platforms directly and Sellers (recharging code )indirectly .”Central bank of China demands the two kinds of service to stop .Commercial banks and the third-party payment organizations should clean up all kinds of their accounts .
Bitcoin international summit will hold on 10th May in Beijing ,so central bank of China set the deadline on 10th May .Recently ,China Merchants Banks announced not to support bitcoin service .BTC China and other trading website also claimed that their accounts on China Merchants Banks were closed .
Previously ,Alipay has announced that any organizations or individuals don’t have to use their service in bitcoin and litecoin recharging ,withdrawing deposit and selling recharging code and so on from now on .
In fact ,On the end of March ,the rumor that central bank of China demanded bitcoin trading websites to close all trading accounts before 15th April was popular in the public.Later,bitcoin price fell constantly .After 15th April ,though bitcoin trading websites closed some accounts ,bitcoin price increased to about 3000yuan without any document .According to BTC China ,with the above news again ,bitcoin price fell to aout 2600yuan. 

Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.

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johny08
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May 03, 2014, 09:39:46 AM
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China is corrupt. They want that Lee cant buy his bitcoin on the street. He need first going to the bank and buy there a share of a Bitcoinfund. They want to take Bitcoins out of the News too, to keep the people stupid enough to keep their money in FIAT.
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May 03, 2014, 04:35:03 PM
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Oh... so China has banned Bitcoin for the 12th time? Congratulations to all my Chinese friends. This is getting really funny... People doesn't give a fuck about China anymore.... but still the Central bank of China is worried about those coins.  Grin
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May 03, 2014, 06:40:49 PM
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Oh... so China has banned Bitcoin for the 12th time? Congratulations to all my Chinese friends. This is getting really funny... People doesn't give a fuck about China anymore.... but still the Central bank of China is worried about those coins.  Grin

Exactly.
The effect of the "ban" on bitcoin price is becoming lower and lower. Cheesy

bitsmichel
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May 04, 2014, 01:03:50 AM
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They are buying  http://fiatleak.com/  Smiley

r34tr783tr78
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May 05, 2014, 12:19:39 PM
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The 10 May dead line has not been published, it's just the date of the China’s Global Bitcoin Summit.

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May 05, 2014, 04:05:58 PM
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Finally, this comes true, Smiley
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May 05, 2014, 08:56:47 PM
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China is corrupt. They want that Lee cant buy his bitcoin on the street. He need first going to the bank and buy there a share of a Bitcoinfund. They want to take Bitcoins out of the News too, to keep the people stupid enough to keep their money in FIAT.

Well if they took BTC out of the news then, they would have less and less affect on the prices, because most of the world would have no idea of what idiotic regulations their government is imposing.
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