BTCC Boss Bobby Lee Wants Bitcoin To Be Regulated
The CEO of BTCC, a major Chinese Bitcoin exchange, has said that he hopes the digital currency gets regulated in order to stabilize the monetary system and slow its volatile swings up and down. "I think regulation is much needed for this new asset class because otherwise, it'll run amok from society," Lee told CNBC. In the original white paper, Bitcoin boasted of its decentralized nature and how it was a currency that was under no one's thumb, especially not banks and governments. However, as the digital currency has exploded into the mainstream, picking up huge adoption, Lee....
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Founded in June 2011, BTC China, now BTCC, is the oldest and second largest chinese Bitcoin mining company. BTCC plays a leading role in every segment of the Bitcoin ecosystem, offering digital currency exchange, mining pool, payment processing, consumer wallets, and blockchain engraving. The diverse products and services BTCC offers allow its customers to engage in all aspects of the digital currency spectrum in one integrated platform. Headquartered in Shanghai, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and....
Following the much-publicized meetings between China’s central bank and the country’s major bitcoin exchanges, the head of BTCC has claimed that it’ll be a few years yet before the bitcoin is regulated in the country. The opinion comes alongside the notable revelation that the People’s Bank of China – the central bank – has not explicitly demanded that BTCC check capital outflows from the country. Bobby Lee, the chief executive of BTCC made the revelations in an interview with Reuters. In response to a question if BTCC had received any direct pressure by the PBOC to curb the exit of....
Interview Conducted by: Yang Yang. Translated by: James Choi. Edited by: Elizabeth T. Ploshay. Bitcoin continues to grow in value and BTC China, the lead Chinese Bitcoin exchange and one of the lead Bitcoin exchanges in the world, is expanding tremendously. Bitcoin Magazine received a transcribed and translated copy of Yang Yang of 8BTC's interview with Bobby Lee, CEO of BTC China and co-founder Yang Linke. Please feel free to read in English while watching the youtube video below: http://v.youku.com/v_show/id_XNjMwNjQzOTYw.html. Yang Yang: Hello everyone. Today we are having an interview....
"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....
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....