Hacker News Reader

My read of this is that businesses are not allowed to price their goods in bitcoin which is a huge hit; beyond this nothing seems terribly surprising.

> "Notice" requirement, at this stage, financial institutions and payment institutions are not allowed to Bitcoin price for the product or service,

edit: from: http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/201312...

View on HN

I'm confused about what constitutes a payment institution. Does this mean that credit card processors cannot price in bitcoin ? Or does this mean that Starbucks cannot price in bitcoin ?

There seems to be a distinction between a business and a payment institution. Or maybe what's said here is that a bitcoin transaction is like a 'coupon code' and not governed under the same rules that paying with money would be.

Reply on news.ycombinator.com