China's BTCC Welcomes Greater Bitcoin Exchange Oversight
At least one bitcoin exchange in China is open to the idea that the digital currency could become more well-regulated domestically. Speaking to CoinDesk today, BTCC CEO Bobby Lee greeted rumors that the People's Bank of China is considering ways to better supervise the industry with enthusiasm, while pushing back against the idea that recent conversations between its executives and the central bank were anything but ordinary. The comments come in response to a report from China Securities Journal today in which the news source cited undisclosed sources that hinted a "third-party....
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BTCC, one of China's 'Big Three' digital currency exchanges, has announced a new promotion that will see fees cut on US dollar-based bitcoin trades. Beginning 1st March and running through the month, BTCC says it will cease charging customers on both sides of trades on BTCC.com, its international exchange site. However, fees will remain in place at BTCChina.com, its domestic exchange offering. In statements, BTCC representative Tendai Musakwa said the promotion is a tactical move aimed to outflank competitors by focusing on the exchange's international reach. Musakwa said: "We're now....
BTCC, one of the longest-running Bitcoin exchanges in China, celebrates its fifth anniversary. CoinTelegraph spoke with the company’s CEO Bobby Lee about their current projects and his vision of the company’s future. Leader in China Bitcoin Ecosystem. BTCC was originally founded in China in 2011. In a period of five years it has succeeded in occupying a leading role in every segment of the Bitcoin ecosystem. Let’s take a quick look at how the steel was tempered. In 2013, two years after being established, the company raised $5 million in Series A funding from Lightspeed China Partners and....
"It's both a liabilty and an opportunity." At least that's how BTCC CEO Bobby Lee describes his Shanghai-based bitcoin exchange startup's affiliation with its domestic market. Formerly known as BTC China, BTCC markets itself as the "world's longest-running bitcoin exchange", but it's now taking steps to expand its customer base internationally. BTCC announced today that it is launching a new service BTCC USD Exchange, one that boasts a new user-interface and that is operated by a separate legal entity. Run out of Hong Kong, the US dollar trading arm will complement....
Shanghai-based bitcoin exchange BTCC has announced that it will halt bitcoin and other cryptocurrency withdrawals for one month. The news, posted to its website today, comes one week after Huobi and OKCoin, two of the country's 'Big Three' exchanges alongside BTCC, revealed they would prohibit cryptocurrency withdrawals as part of an effort to combat money laundering at the request of China's central bank. At the time, BTCC said it would undertake a similar upgrade, but that it would only take 72 hours to complete. According to the update, however, BTCC plans to continue the audit of its....
BTCC, a major Chinese Bitcoin exchange, recently launched a new USD-to-Bitcoin exchange. Upon its successful US debut, the company announced its support for Ethereum Classic over ETH. On July 26, the Ethereum development team completed its hard fork to protect investors against the DAO attack. Almost immediately after the hard fork execution, Ethereum Classic emerged, to maintain the original governance model of Ethereum. Leading Bitcoin exchanges, including Kraken and Bitfinex, have supported both Ethereum Classic and Ethereum since, considering large market caps of both ETC and ETH.....