Tagchinese bitcoin exchange

Chinese Bitcoin Exchange FXBTC Is Closing 5/10 Because Of Unprecedented Pressure From People's Bank Of China

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FXBTC posted an announcement to their website earlier today, 5/2/14.  The announcement let FXBTC customers know that FXBTC would be shutting down its site on 5/10/14.  Users have until 5/10/14 to withdraw their funds from FXBTC.  Unfortunately, withdrawals in Fiat at Chinese banks has been closed, at least to FXBTC customers, for over a month now.  Furthermore, FXBTC's volume has been down for...

Caixin Article Claims PBOC Is Meeting With Banks And Payment Processors To Completely Cut Off Funding To Bitcoin Trading

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Bitcoin prices have dropped nearly 10% across all Bitcoin exchanges, with the bulk of the action understandably located on Chinese Bitcoin Exchanges.  A few hours ago, Caixin published a Chinese article claiming that the PBOC has met with commercial banks and third party payment processors, in particular those that do, or have done, business with Chinese Bitcoin Exchanges to remind them of the...

OKCoin Announces Official Launch Of Recharge Codes And "First Bitcoin ATM In China"

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Today, in an announcement to their site, OKCoin has implemented the immediate suspension of recharge activities via their Chinese Merchant's Bank account.  Instead, OKCoin has moved onto a recharge code system with 0 fees, the same as BTC China.  These recharge codes can vary in value from 100 yuan to 100,000,000 Yuan.  OKCoin recharge codes are split into two portions: sections A and B.  There...

Bitcoin Markets Rise On News Of Chinese Bitcoin Exchanges' Response Plan To Bank Accounts Closing

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Today at 10:35 local time, OKCoin posted an announcement to their website.  The announcement was titled, OKCoin将暂停招商银行卡充值业务及应对预案公告: OKCoin Announces Suspension Of China Merchant Bank Card Recharge And Response Plan.  OKCoin revealed that they received oral notification from their bank, the China Merchants Bank, that their deposit services were to be terminated.  The Xi'erqi branch of the China...

Agricultural Bank Of China Notifies BtcTrade That They Need To Halt RMB "Recharges" By April 15th

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The Agricultural Bank of China, one of the Big Four Chinese Banks, has begun notifying its Bitcoin Exchange clients of upcoming changes to policy.  The other 3 "Big Four" banks in China are: The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China.  By market capitalization, the Industrial and Commercial Bank of China is the largest bank in the entire world...

Bter Has Suspended Chinese Yuan Deposits, Citing Notification Of New Official Regulations

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At 12:06 local time, Bter, one of China's larger Bitcoin exchanges, posted an announcement to its website announcing a temporary suspension of deposits.  What's more is Bter cites official regulation that they were just informed of, as the ultimate reason for this incredible convenience to its users.  Bter not only offered RMB to BTC markets but also RMB to LTC, Dogecoin, Auroracoin, and even...

BTC-e Opens Chinese Markets To Chinese Traders: CHN/USD, CHN/BTC, and CHN/LTC

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BTC-e has opened up USD/CNH, BTC/CNH, and LTC/CNH markets today.  With looming PBOC action that would end Chinese Bitcoin exchange's access to domestic bank accounts, Chinese traders are undoubtedly looking for new exchanges to trade on.  Along with Chinese RMB (CNH to BTC-e) trading comes RMB deposits, which are handled through an international bank.  An international bank means that Chinese...

PBOC Orders All Chinese Banks And Third Party Payment Processors To Close Accounts Of Chinese Bitcoin Exchanges by 4/15

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Original Chinese article here. English article by Caixin. Caixin is a trusted Chinese financial news source. Ties to the 3/21/14 Sina.com FUD incident In contrast to the 3/21/14 incident mentioned by OKCoin, this news was broken by Caixin not Sina.  More importantly, the original article has not yet been rescinded.  In the original rescinded Sina article that turned out not to be true, it was...

The 2014 Bitcoin War Has Started— And it is Bobby Lee who Fired the First Shot — The Four things you can do to be Battle Ready

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When Brock Pierce said,  "2014 will be the year of Bitcoin", it may have been more accurate to say, this will be the year of the 2014 BITCOIN war.  History will likely show that when a Chinese Bitcoin exchange CEO  found a workaround to allow RMB deposits in China,  it will have been  Bobby Lee who fired the first  shot in  the 2014 Bitcoin war with the global Central bankers.    Read This link  ...

Chinese Bitcoin Exchanges Find Workaround To Allow RMB Deposits, Exchange Rate Rallies

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Read the original Chinese article on btc38 and btckan, a prominent Chinese Bitcoin exchange and website, respectively. BTC China's CEO Bobby Lee has introduced a new method for Bitcoiners in China to "recharge" their RMB balances on Chinese Bitcoin Exchanges: BTC China vouchers.  Within a week, Chinese Bitcoin Exchanges led by BTC China, have found a solution for getting RMB deposits into Chinese...

Breaking News: BTC China To Resume Trading Fees of 0.3%, Market Manipulation Gets Harder

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BTC China has, after 3 successful months, has decided to resume trading fees.  For a few weeks now, because of 0% trading fees, BTC China has consistently been the highest volume BTC exchange.  Trading fees will be 0.3%, the announcement reads: Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0%...