Post
Topic
Board Bitcoin Discussion
Re: Bloomberg : BREAKING: China bans financial institutions from Bitcoin transaction
by
jl2012
on 05/12/2013, 08:52:37 UTC
Pulling it through google translate, it ain't great news.
- Business and Financial instruments banned from bitcoin


This is COMPLETELY wrong. It only targets financial institutions, i.e. banks, insurance companies, etc.
Sorry my Chinese ain't great and Google is still rusty in its translation.
Do I understand your comment correctly then that business can still accept bitcoin for products?

1. People have freedom to trade bitcoin at their own risk

2. Financial institutions and payment processors cannot offer bitcoin-related service

3. Other business are not mentioned. Based on the previous 2 points, I can't see why Starbucks can't accept bitcoin.