Post
Topic
Board Speculation
Re: Insider: China gov warns citizen about the incoming crack down on exchangers
by
chaser151
on 06/11/2016, 21:52:48 UTC

They are citing the Bloomberg article as the source. But that article was pulled.


so its basically just an echo of the ZH induced fud that is now finding its way to chinese media

Wrong. Chinese media report on specific bitcoin usage (e.g. single trade of bitcoin, 5m CNY flow out of the country, people using bitcoin to transfer their wealth outside of China etc..) of  bypassing the capital control. You can use google translate to read those Chinese news.

ZH quoted Bloomberg source, Bloomberg quoted Chinese source. Since it comes from Chinese gov & central bank's insider after all.

You will soon see Chinese authority's actions on okcoin,huobi,btcc and so on after all these "news" "leak rumors" aka "warning to their own citizen" are well delivered. Those mainstream media are ministry-level institution subordinate to the Chinese central government, they don't just report random junkies but carefully pick things that the gov want it to be out there. Calling this FUD only make you look like a fool.