Quote from: chickenado on January 11, 2017, 02:08:26 PM

Quote from: amirheavy666 on January 11, 2017, 12:24:00 PM

what's happen for bitcoin price after the decision china bank ? Huh

"""The People's Bank of China published an announcement this morning that it will carry out site inspections on January 17 to check whether enterprises dealing in bitcoin have the correct licenses, have implemented anti-money laundering systems and whether there is market manipulation."""""

The price of bitcoin will dump so this is a good news in bitcoinworld many traders want it so that they can earn many bitcoin at low price. But if this reason continue to many countries i think many businessman that using bitcoin will regulated and need license to continue their business. So we dont know what will happen if this dumping will dump too much or this dump is only creating of whales to gain profit.

no. i think not. system of china banking a bit different with other country.
bitcoin can easily use for laundering .