Dec 5th statement agrees wind..I just dunno how the PBOC sucks at enforcing it so badly.
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
The chinese businessman in the other thread explains it very well. Basically the PBOC is too big to typical involve itself with something as small as bitcoin (which shows how threatened they are by it). For this reason, because the PBOC communicates with only the top level bank officials, the top level bank officials feel its beneath their pay grade to deal with and it gets passed down and eventually lost, because the people authorized with the responsibility don't want to do it - its embarrassing for them. In it in fact the exact opposite of what many bitcoin enthusiasts imagine - bitcoin is actually TOO SMALL for the banks to want to deal with closing all the accounts.
Here's the article:
http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/