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Author Topic: 2 more Chinese banks/payment services bans all btc related accounts 4/29/14  (Read 1486 times)
yomofo (OP)
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April 29, 2014, 04:30:36 PM
 #1

another chinese bank announces bitcoin account ban
http://www.chinabank.com.cn/info/index_article.jsp?id=75[2

Quote
Internet Banking Online - Statement on the Prohibition of the payment services company for bitcoin transactions
2014-04-29 

chinese payment service announces bitcoin account ban
http://www.ecpss.cn/new/news/news_07.htm

Quote
Declaration on the Prohibition of the payment services company for bitcoin transactions

sgbett
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April 29, 2014, 04:31:57 PM
 #2

im so afraid of this news that I have shorted all the bitcoins, by leveraging my alt coin holdings.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
y3804
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April 29, 2014, 05:37:15 PM
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Very late, News released 9 hours ago!
zby
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April 29, 2014, 05:44:47 PM
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Very late, News released 9 hours ago!

So that was probably the reason of the recent Chinese dump.
Ultros
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April 29, 2014, 05:46:44 PM
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Market's reaction is barely palpable.

gagalady
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April 29, 2014, 06:04:01 PM
 #6

Exactly, my "care-o-meter" is at 0. How mant more of these we will have 1,5,7? They will end some day.
jamesc760
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April 29, 2014, 06:14:17 PM
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Move along, nothing to see here!
leopard2
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April 29, 2014, 07:16:29 PM
 #8

we need a YAWN smiley

sorry Shorties you won't get those $10 coins again, better get some for 400 before the next wave  Cheesy

Chinese won't help you withdraws are blocked, how SUPER STUPID would they have to be now to dump for lame RMB, they will hold on to the coins they have ! Soon black market prices in China will be 30% over Stamp  Wink

Truth is the new hatespeech.
counter
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April 29, 2014, 07:45:26 PM
 #9

Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
spazzdla
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April 29, 2014, 07:48:53 PM
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Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.
YipYip
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April 29, 2014, 10:22:15 PM
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we need a YAWN smiley

sorry Shorties you won't get those $10 coins again, better get some for 400 before the next wave  Cheesy

Chinese won't help you withdraws are blocked, how SUPER STUPID would they have to be now to dump for lame RMB, they will hold on to the coins they have ! Soon black market prices in China will be 30% over Stamp  Wink

Dude u have hit the nail soo on the head ...AGreed china ban should be a bullish signal is the real relity of it all  Cool


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hellscabane
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April 29, 2014, 10:41:46 PM
 #12

It's okay, other "markets" will fill the void of less banks. Whether they are through "illicit" means can be saved for another conversation. In either case, things still look positive.

Besides, banks are messed up institutions in a different sense. Although bitcoin benefits from further adoption, being adopted by the banks of China is not a necessity by any means.
UnDerDoG81
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April 29, 2014, 11:10:54 PM
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Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.

 Cheesy maybe new FUD´s will come that they have hacked the code, invented BTC stealing trojan worms or nuke BTC... They do everything to get cheap coins... I know, without the Chinese we would never have seen $1200 coins but it would be way healthier for Bitcoin without them greedy Chinese...
bitcoinsrus
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April 29, 2014, 11:13:46 PM
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Always nice to see people not panicking.  Hopefully this news makes more Chinese bullish
I have a feeling China is going to step up their FUD level.. watch out for some real bad FUD soon.

 Cheesy maybe new FUD´s will come that they have hacked the code, invented BTC stealing trojan worms or nuke BTC... They do everything to get cheap coins... I know, without the Chinese we would never have seen $1200 coins but it would be way healthier for Bitcoin without them greedy Chinese...
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