Erdogan
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March 30, 2014, 10:52:54 PM

I still do NOT understand what incentive PBOC has to clarify the rumor.. Maybe in a week by 4/7 they may feel they need to clarify the rumor is NOT true.. .or if it is true.. which portion and to what extent..
If the rumor is false, I don't see why they would not deny it on Monday (last time they denied it on the same day, IIRC).

If it is true, the "confirmation" would consiste in them sending the order to the banks and the banks blocking deposits on the exchaneg accounts.  That may take a bit longer, but since the deadline is April 15, and the report has been leaked, they may want the deposits to be blocked starting tomorrow already.

If the report is true, perhaps it was leaked beforehand so that some big arbitrage traders or investors could have time on Friday to move enough CNY into the exchanges to buy all the coins that will be dumped by common clients.

Now I see, you really do have a plan.