Posted moments ago on zerohedge :
http://www.zerohedge.com/news/2016-11-03/china-prepares-impose-curbs-capital-controls-bitcoin
According to Bloomberg sources, Chinese officials are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms outside the nation and imposing quotas on the amount of bitcoins that can be sent abroad. Further indicating that Chinese regulators were "just a little behind the curve", they allegedly noticed only recently that some investors bought bitcoins on local exchanges and sold them offshore, evading rules on foreign exchange and cross-border fund flows, the report further reveals.
OKCoin BTC Futures starting to react :
I'm gonna call it, I think Bitcoin will take the red path I posted the other day:
Looks like it's time to get back into alt-coins!
Warning
The author quotes a site that says "bloomberg sources" and yet look at this - there is no bloomberg source that backs up his claim.
I only found this in bloomberg https://www.bloomberg.com/gadfly/articles/2016-11-03/bitcoin-s-at-it-again China mentioned just one time with other countries...
I should have checked, but other sites besides zerohedge are claiming it was sent by bloomberg and I found this screenshot :
Coindesk coverage:
http://www.coindesk.com/bitcoin-price-china-rumor-trading/
In the long run China can't really do a lot about btc , we've all seen this before and it'll just serve as an excuse to consolidate for a while before we continue imo
Why flag this ? Zerohedge has been a reliable source for years and I've given proof that it WAS posted by bloomberg below and multiple other places are reporting the same thing...
no other account activity ever so I guess that's you too.Only you and @bikiniluxe flagged this post, and @bikiniluxe has literally
Someone must think that Crypto is a threat to the entrenched power structure.
Wise of them.
It is going to be fun when the Chinese government realizes that they can forcefully shutdown >60% of the mining power by hunting down the pool operators and the actual miners.
China has gone from third world to a major power in a generation. They have to know why. You reckon they'll jepordize that?
Questions is rather, do they fear bitcoin for the uncontrollable power it gives to the people?
I don't know the answer, and I also don't know if they would want to harm the network, all I know is that bitcoin is a $10B network that claims to be decentralized even though the Chinese government could run for the major block producers.
We're bound to see more governments try to impose restrictions on crypto as it becomes more widespread. Right now, Bitcoin is the only real bogey because of its popularity, so alts are a good way to remain under the radar...
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