The move is not a huge surprise. Bter halted all deposits on late March citing the PBoC rumors, but other exchanges, such as BTC China, have reported no problems with the wire-transfer option. With recent statements from PBoC insiders hinting that China’s goal with their rumored bitcoin policy is largely a response to rampant speculation, rather than an attempt to “ban” virtual currencies outright, the relatively slow wire-transfers are likely to remain an open channel for investors.
It’s still unclear what impact the notoriously tight-lipped PBoC’s bitcoin policies will be, or even if the rumored policy change is real. To date, the sole source for the rumor is a single article published by Chinese financial news service Caixin. The PBoC has yet to confirm any of that article’s details, although the lack of a denial has caused many to assume that the details are correct. Third-party payment systems, which would be banned from working with bitcoin exchanges under the unconfirmed policy, were first warned to cease all such relationships in December 2013.