Quote from: kekky on December 05, 2013, 03:25:08 PM

Allow me to reiterate:

中国人民银行等五部委发文，要求防范比特币风险。通知明确表示比特币是一种特定的虚拟商品，不具有与货币等同的法律地位，不能且不应作为货币在市场上流通使用。

Translation: The Peoples Bank of China has issued a statement requiring guard and wariness regarding Bitcoins risk. In a clear notification statement, Bitcoin is a type of particular fictitious and theoretical commodity, not one possessing the status of legal, and moreover cannot act as circulating currency in the market.

This does NOT just apply to financial companies and banks, as is clearly stated from the PBOC development today.

More in the link I posted.

Since you actually seem to know what you're talking about, can you clarify your opinion on whether this is good news or not? I'm having a hard time separating the fact from the fiction - some seem to say "this is a wonderful endorsement of Bitcoin, unicorns and rainbows will follow" and others seem to be more ... hesitant. To me, the statement you have translated above (and the subsequent ones in this thread) do not appear to be good news for Bitcoins adoption especially in this huge emerging market and the subsequent price recovery seems presumptuous. However, I cannot ignore that the price has recovered and - as above - my inability to separate truth from fiction regarding this announcement doesn't really help bring clarity to these muddy waters.

I'd really appreciate your candid view.