In Las Vegas last week, the CEO of BTC China - BOBBY LEE - was talking to everyone and explained that the Chinese Government has determined that the financial banking institutions in China will not get involved in Bitcoin. Banking institutions in China will stick to banking local currency, period.
Banks will not get involved in Bitcoin transactions.

OK! But what does it REALLY mean?

China recognizes Bitcoin as a "virtual asset" (which it is), not a currency (which it really isn't), and is allowing this new virtual asset economy to grow with new and upcoming companies, like BTC CHINA.
It is not banning Bitcoin.
SO what Bobby Lee was explaining, was how great this is because it will allow new types of companies to fill this void and business space, that the banking institutions cannot get involved with.

YES, this makes it a little bit more challenging to become involved with Bitcoin in China, RIGHT NOW-TODAY, but not forever, and not for very long...
This is the real opportunity in China, because new companies and technologies will be developed and created to fulfill these needs and new services.

If the financial institutions control the Bitcoin economy in any country, this whole thing has failed....so THIS IS REALLY A GOOD THING.

People are just panicking because there is so much disinformation being generated by these blogs that have zero credibility. Furthermore, Bitcoin is bigger than China, and this whole fiasco is only temporary...