Bitcoin in China – What Lies Ahead? 5 Things the US-China Commission Said about Bitcoin’s Future in
Chinese policy has a massive impact on Bitcoin price, trading volume, and perceived legitimacy – but as the government’s policy on digital currencies is ambigious, Bitcoin’s future in China remains uncertain. The US-China Economic and Security Review Commission reached this conclusion in a research brief published earlier this week. The report examined Bitcoin’s history in China, documenting the evolution of Chinese official (and actual) attitude toward Bitcoin and exploring some of the factors for its popularity – and potential for the future. Here are five things the USCC report said....
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BTC China has become the world's first major bitcoin exchange to scrap its trading commission fees, albeit temporarily. The company, which launched in June 2011, was charging 0.3% for all trades made on the site before taking the decision to run a promotion eliminating this fee. "We already deliver an outstanding consumer experience, and with this promotion, we will now also offer superb value. The future is bright, for bitcoin in China," said Bobby Lee, CEO of BTC China. He explained the promotion will continue to run over the Chinese National Day holiday, but could not confirm its end....
BTC China Bitcoin Exchange. BTC China is open for business and is offering lower trade commissions starting 24 February 2014. From their website: Starting at 12 noon (China time) on February 24, 2014, BTC China will lower the trading commission fee from 0.3% to 0.1% for all users. For market-makers who place limit orders that add to market liquidity, they will be exempt from the trading commission, and will additionally get a 0.1% market-maker rebate! Sign of Change. In an exclusive interview with CryptocoinsNews two weeks ago, Bobby Lee outlined the positive changes for China based....
Popular bitcoin exchange BTC China announced on Tuesday that they've launched litecoin trading effective immediately. The service says it's added litecoin trading due to popular demand, putting the exchange behind BTC-e in terms of big trading houses that allow trading of the digital currency. The move could once ignite a digital currency craze in the People's Republic in China, similar to the bitcoin excitement we saw in the country last year (in which BTC China became the largest exchange at one point). Traders can expect to enjoy zero commission on litecoin trades - at least for the....
A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.
In the aftermath of restrictions from the People’s Bank, many outsiders are wondering what it’s like to use Bitcoin in China now. The atmosphere in China at present is extremely hostile for many aspects of Bitcoin. Exchanges are notably feeling pressure, with some even closing in light of banking authorities recently ‘reaffirming’ their stance towards cryptocurrency, one which could be called ‘critical’ at best. However, beneath the surface lies a somewhat different scene, set apart from the turmoil of the legislation. For consumers, it is definitely fair to say that “Bitcoin is not dead....