Quote from: amspir on March 28, 2014, 07:06:08 PM

Quote from: Velaciela on March 28, 2014, 04:20:57 PM

The trading volume in Chinese exchanges so large is because they provided FREE TRADE. actually, it is not so many trades. And in my view, 99% Chinese "investors" is speculating in short-term trades. And in China, it is no use of bitcoin except speculating. Of course, it is caused by gov banned business to accept btc.

I'm just trying to understand the Chinese situation, for instance, are mainland Chinese citizens allowed to visit Hong Kong and participate in that economy as a tourist? Do the same restrictions apply in the Shanghai trade zone?

When you trade on a Chinese exchange for speculation, are you actually allowed to withdrawal in BTC? Are there underground street-level bitcoin/Yaun traders?

Also, what is feel for if/when the Chinese government will ease up on currency restrictions?

the simplest way to think about it is that in china BTC is not considered "money" by the authorities so Banks are not allowed to use it and merchants cannot offer goods for it. if people want to buy and sell BTC over the counter just as they would rice for example I doubt anyone cares.
the main idea seems to be stop people who have amassed vast sums of wealth from converting all of that into BTC where the authorities cannot get at it, and then fleeing the country...