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September 09, 2017, 12:20:46 AM

http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797

"the source added that the crackdown targets unauthorized trading at virtual currency exchanges, rather than Bitcoin and the underlying blockchain technology."

it is not about BTC, not even a ban.
the PBoC just want to keep stuff under control.. no surprise there.

ok, now you can continue dumping, dumbasses.. see ya next year at 10k. Cool

“It means platforms facilitating trading between virtual currencies and legal tenders will not be allowed in China,”

That rather sounds like all of it. Your quoted sentence means Bitcoin isn't banned, just the ability to trade it on exchanges.


it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.