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MemoryCoin / Re: MMC Value - Bter
« on: March 31, 2014, 08:12:44 pm »
I think there may be a lot of selling pressure to get BTC out of Bter. Bter has stopped being able to do CNY transfers with the recent rumors of the PBOC banning bank involvement with BTC and other crypto-currencies. Since someone with crypto holdings can't currently get CNY out of Bter until they add a banking partner, they have to transfer BTC to other Chinese exchanges to get fiat. Bter was using a 3rd party payment processor that has cut them off. This will probably go on as long as there is uncertainty in China about the legality of crypto in the country.