Chinese Banks don’t know how to act appropriately, cause Bitcoin is too tiny
http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/hang Weiwu comments on the latest news from China. He discusses how his last prediction wasn’t completely correct, but also finds the news amusing. Because in China, it’s always an issue of sizes – and this time, something doesn’t fit.
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But actually the news was amusing. It’s amusing because PBOC criticised the Bank of China and China Merchants Bank for not closing Bitcoin trading accounts. This was an unusual action for a matter as small as Bitcoin, and it reveals an interesting issue about size in China.