Bobby Lee on Bitcoin in China: Business as usual
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....
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The rumored deadline for China's banks to cut off bitcoin exchanges from deposits has arrived, with no official word from the authorities that such a policy even exists. Chinese exchange BTC China claims it has no intention of changing the way it does business. The story has contributed to turbulence in the bitcoin markets since it first began circulating as a rumor last month. Bitcoin saw its value fall beneath $400 briefly for the first time since November 2013. This is despite the People's Bank of China (PBOC) itself insisting it had no intention to ban digital currencies. Some....
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....
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....
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....
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....