Post
Topic
Board Speculation
Re: the China PBOC event explained
by
windjc
on 31/03/2014, 08:07:03 UTC
It makes a lot of sense and means the dip we saw today might just be the beginning.

If you actually listened to me and expected further dip in the 3 days following 28th, you are rewarded.

BTER, an exchange operated in Canada targetin Chinese (they don't even have English version) and has Chinese bank accounts, is the first to stop charging (deposite) completely (others were talking about BtcTrade, another exchange, which stopped online deposite only. Bter is the first to stop deposite in any form).

Their announcement is here (chinese only):
https://bter.com/article/402

What interests me, is why BTER? There are 15 bitcoin exchanges on the PBOC's ban list, BTER is a much less known one. A wild guess is that banks somehow informed or invited exchanges for a talk - typical way things done in China - and those who are not available are banned out right to get the owner come out and talk.

In you opinion, why have we not heard from Houbi, OkCoin or BtcChina?