Well, this was predictable. https://news.ycombinator.com/item?id=6818821 https://news.ycombinator.com/item?id=6818821 Edit: Having read the (Google translation

Well, this was predictable. https://news.ycombinator.com/item?id=6818821 https://news.ycombinator.com/item?id=6818821 Edit: Having read the (Google translation of the) PBOC's Notice, it looks like concern over money laundering contributed to the decision to issue this notice. There's a fairly comprehensive ban on financial institutions doing any kind of Bitcoin-denominated business. It also appears that Bitcoin exchanges must register with the telecommunications regulatory agencies and comply with anti-money laundering provisions (i.e. similar to the approach FinCEN took in the US).