I have been scouring over the internet trying to get hard facts on the PBOC's ban on Bitcoin transactions.

So far the story ranges from only third party payment processors are forbidden from doing transactions with Bitcoin exchanges (as plenty money changers in the West don't allow transactions onto Bitcoin exchanges), to the PBOC outright banning all banks from processing any transactions onto Bitcoin exchanges by the end of January 2014.

One set of circumstances means Bitcoin will live on in China, the other means the practical death of Bitcoin in China.

WTF is going on over there?