to me it sounds more like beeing affraid of bitcoin and april 15.
What happens on April the 15 ?
Chaina forbids chinese banks to payout transactions that involve crypto.... It has already started.... Havent you noticed BTC price drop?
Bitmain will have bit of an issue cashing out.... So basically china is pretty much screwed for making machines now ? Whos the bank to say which transaction is BTC ?
I have noticed the drop and been aware of the china market but geez
well they know coz u cash out threw exchange, so basicly there is a short trace..... I think this will be only temporary since one of measures that some will take is to open accounts in Hongkong banks and cash out that way... This isnt 1st time that China bans bitcoin so we all got used to it... Price may drop a bit more but then it will most probably skyrocket since big wolves are buying now on noobs