BTC China's Bobby Lee: Pricing Goods, Services in Bitcoin Not Allowed in China
Source: Linkedin. CEO (Bobby Lee) of the world's largest bitcoin exchange, BTC China, laid out the implications of the Chinese crackdown on the virtual currency, speaking at Inside Bitcoins conference/expo in Las Vegas: "If bitcoin is not a currency in China, as a state, only recognizes one single currency, which is the RMB. So, therefore all merchants, stores, and services can only accept the RMB. And since bitcoin is not a recognized currency, it's a logical conclusion that China, for now, will not allow goods and services to be sold and paid for by bitcoin." Bobby Lee says that he's not....
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Upbeat Bobby Lee? I managed to catch Bobby Lee, CEO of BTC China, on the phone yesterday to talk about Bitcoin's situation in China. What is the situation with the PBOC (People's Bank of China) and Bitcoin in China? The PBOC secretly ordered payment processors and banks to dissociate themselves from Bitcoin exchanges. There was nothing in writing, just pressure exerted on them. As the number 1 exchange in China, we are examining our options. There are many available. Do you plan on moving BTC China abroad? I cannot tell you what our next move is, but we are not ruling anything out. You do....
BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours. This will now be the firm's third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC's most recent move. "If this keeps happening, ten times later, will I keep going? I don't know. I can't predict the future. But for now we're going to try one....
The price of Bitcoin has been steadily climbing upwards in the past two days as the April 15 deadline for Chinese-based lenders and payment companies to close the trading accounts of more than 10 domestic Bitcoin exchange platforms, has come and went. First, not every exchange has received a notice about the closing of their accounts. Second, Bobby Lee, CEO of BTC China, has clarified that it’s “business as usual” and that nothing has changed despite rumors, which he dubbed as fake. In a cnbc report, Bobby Lee confirmed that the rumors were in fact just that: “As far as BTC China is....
The International Bar Association did a fascinating interview with Bobby lee. We have summarised the 45 minute long interview for you. Bobby Lee, the owner of BTC China the largest and first Bitcoin exchange in China. Previously an engineering manager at Yahoo as well as the vice president of technology at Walmart. His brother, Charlie Lee is also the creator of Litecoin. Recently, a video came out where he was interviewed by Rebecca Lowe over at the International Bar Association. “Bitcoin is not a far leap from my background, so to speak. It is in the world of finance, but it is very much....
Bobby Lee is one of the most prominent members of the Bitcoin community and the co-founder and CEO of BTC China – the world’s largest Bitcoin exchange by volume in the post-MT. Gox world. The CoinTelegraph got a chance to interview Bobby Lee at Bitcoin 2014 Amsterdam to get his thoughts and expert opinion on the conference and Bitcoin’s outlook in China. Here are the questions we've asked: 1. What are your goals for this conference? 2. You mentioned in an interview last month that you are "not worried about things beyond your control". How is BTC China adjusting its business model in light....