China is cracking down on exchanges by forcing the state-owned banks to close th... | Hacker News

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Xdes on April 11, 2014 | parent | context | favorite | on: Bitcoin Falls Below $400

China is cracking down on exchanges by forcing the state-owned banks to close their accounts. That is the speculative force that is driving down the price.

It is good that the price is going down since more people will buy Bitcoin now.

danielweber on April 11, 2014 | [–]

"This is actually good news."

beedogs on April 11, 2014 | [–]

Apparently this is all supposed to sort itself out by the 18th of this month -- that's the deadline they've given for account closures.

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