BTC China in Discussion With Regulators Over Bitcoin Recognition
The world's busiest bitcoin exchange, BTC China, has been in talks with regulators that concern bitcoin's level of recognition as an official currency, according to Bloomberg Businessweek. While there have so far been some local-level discussions on relevant issues, the company has not yet made progress arranging high-level meetings, said BTC China CEO, Bobby Lee. It's still very much in the early stages and BTC China hasn't clarified exactly which government arm, if any, will ultimately decide bitcoin's status. "We already consult with a number of local commissions and bodies in various....
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The folks over at BTC China - now the world's largest bitcoin exchange - are apparently in talks with Chinese regulators in hopes of getting Bitcoin accepted and approved as an "official currency", according to a Monday report by Business Week. These talks, described as "low-level", would allow the use of the digital currency for the buying and selling of goods in the People's Republic of China, Reported members of these talks include officials from the "People's Bank of China, the China Banking Regulatory Commission, and the China Securities Regulatory Commission." BTC China head honcho....
Major Chinese exchange BTC China just enabled Litecoin trading at an unbeatable 0% fee! BTC China's official announcement reads as follows: Dear Customers, We are very excited to introduce BTC China's new member - Litecoin! Bitcoin grew tremendously in 2013, while another virtual currency has also made considerable progress - Litecoin. It gradually gained recognition from the Bitcoin enthusiasts. By popular request, we have now added Litecoin trading to BTC China's trading platform. In addition, Litecoin trading will have 0% trading commission! As a responsible trading platform and a....
The world's first ATM designed to use facial recognition technology has been released in China. A collaborative effort between Tsinghua University and Hangzhou-based technology company Tzekwan, this is China's first such ATM independently developed for mass public use. The new ATM integrates many new technologies, as well as improvements on current capabilities. Created with the goal of “cracking down on financial crimes,” abilities of the new ATM include matching users facial images with their government identification. The ATM will be linked to banks and law enforcement agencies to....
With China banning Bitcoin activity in its borders, Americans have a chance to shape the future — as long as regulators don't stop them.
China has shut down many underground cryptocurrency apps. A total of 13 underground trading applications have shut down after putting a ban on them for almost one year. As suggested by reports, China, which happens to be the world’s second-largest economy, has called crypto-related transactions illegal. China regulators have taken down 23 crypto-media websites and […]