Does China exactly ban bitcoin?

[realbtcdealers4real]

They dont do shit, they just scare people away so they can buy more cheap BTC

[l3sny]

Agree. China's government is actually on our side

[foxkyu]

they want do but they can't do that
as long as bitcoin doesn't effect with china economy i think it should be fine

[misscointamer]

If China bans BTC, they will make another altcoin for sure.

[Stockhome]

China will not ban bitcoin. China will find a way to immitate bitcoin and then ban it after they can make their own.

[l3sny]

they can't do this. If they could they would

[pereira4]

they can't do this. If they could they would

They can stop any exchange from converting BTC into CNY...
And they probably can stop stuff bought directly with BTC (without converting first) by inspecting every sent package. This may seem crazy but in China im sure they can get away with it.

[Piston Honda]

Even if they do ban it, people will still use it.  If anything it may INCREASE use as they ban it...given we know how society (and history) works.
Embracing it would maybe work out better for the country...but commies won't do that.