[ExI] Buy! Buy! Buy! (Bitcoin again)

[Stathis Papaioannou]

On 19 December 2013 11:46, Kelly Anderson <kellycoinguy at gmail.com> wrote:
> On Wed, Dec 18, 2013 at 4:53 PM, Stathis Papaioannou <stathisp at gmail.com>
> wrote:
>>
>> On 19 December 2013 06:27, Kelly Anderson <kellycoinguy at gmail.com> wrote:
>> If governments decide they don't like bitcoin it would be relatively
>> easy to shut down the exchanges and forbid its use in retail
>> transactions, as China has done. Bitcoin might survive, but at a much
>> lower price.
>
>
> China's problem was that people were using Bitcoin as a way to export their
> personal wealth. Their centralized control of the Yuan and its official
> exchange rate was being undermined by Bitcoin.
>
> I am not aware of a ban on retail transactions. Where did you get that
> information? The stories I have been reading say that the exchanges simply
> stopped accepting Yuan because the government said they couldn't.
>
> -Kelly

My understanding from the PBOC announcement 2 weeks earlier was that
bitcoin was not to be used as currency. Baidu was accepting bitcoin
for some transactions but after the announcement stopped doing so.

http://rt.com/business/bitcoin-china-financial-institution-754/

-- 
Stathis Papaioannou