Quote from: seriouscoin on March 28, 2014, 05:00:42 AM

Regarding the rumors, my theory is that the exchanges dont want to close their businesses.

The PROC didnt outright say btc is prohibited and illegal. The reason is they dont want public outright and being criticized by the Westerns. They always want to be looked at as a developed country....I would call the banking blockage is a soft ban making btc unfeasible for its ppl and eventually would make btc negligible.

Hence the exchanges are most likely finding another banking network to facilitate btc trading.

And imo, for the average joe who buys small quantities, websites like localbitcoins are much more efficient than exchanges anyway (if they're not interested in day trading). The "black market" will just explode.