Post
Topic
Board Press
Re: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again
by
oakpacific
on 31/01/2014, 10:43:36 UTC
BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/

Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin

Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?

It is more like FUD on the Central Bank's part, deliberate ambiguity to freak people out.