snip
Just the matter of time,
all of the bitcoin still safe on the exchange site. But PBOC looks like give a permission for bitcoin to keep on the track. It won't impact the price of bitcoin. I think it will get the extend.
, but such moves negatively impact the sentiment about Bitcoin. If I am a Chinese crypto investor, this effectively tells me that if I want my money back
immediately, I should sell my bitcoins and withdraw CNY. I might listen to that.
You clearly don't understand how bitcoin works. Exchanges are THIRD PARTIES, like banks! If you put your coins there then you don't really control them anymore. No keys control, no bitcoins!
https://bitcointalk.org/index.php?topic=945881.0Mt.Gox, Mintpal, Cryptsy... you guys will never learn