Post
Topic
Board Speculation
Re: Malcolm Casselle:“Banks could not perform withdraws for the purpose of Bitcoin p
by
chessnut
on 27/01/2014, 08:52:41 UTC
I believe what he is referring to is this excerpt from the Official Bitcoin Noticed issued by the Peoples Bank of China:

"Financial institutions and payment institutions are not allowed to use bitcoin...or directly or indirectly provide customers with other services related to bitcoin"

See paragraph 3 of this English translation provided by BTC China https://vip.btcchina.com/page/bocnotice2013

Essentially, banks are forbidden from having anything to do with bitcoin, directly or indirectly. 



Bad news for now, but essentially this is exactly what the bitcoin community wants. Banks, back of the queue!