Post
Topic
Board Altcoin Discussion
Re: Is China situation bullish for Doge coin (and other alts)?
by
bodiun
on 09/05/2014, 11:59:37 UTC
This is a bit tongue-in-cheek, but I have noticed that in all these statements banks and PBoC seem to mention only bitcoin or recently bitcoin and litecoin

“From this date, any institution or individual must not use accounts set up with our bank for the deposit and withdrawal... and transfer of funds for Bitcoin and Litecoin trading,” the Industrial and Commercial Bank of China (ICBC) said in a statement.

Do you think it is possible that some Chinese exchanges will continue to play cat and mouse with PBoC and will trade only other cryptos? Or did PBoC made it clear somewhere that the restrictions apply to all the cryptos?

You have to understand that China such situation, banks are owned by  government, so the bank statement is however in accordance with the government's meaning to express, state bank, published are very fuzzy.