Bitcoin China - The Future?
Before discussing anything further about Bitcoin China or the future, let's ask - what does it take to make Bitcoins? The answer is either mining or exchanging the fiat currency for the digital currency. In both cases China seems to be having a greater advantage as compared to other economies in multiple dimensions. The greatest fallacy when talking about China is to consider it as a government and a country. In this post, every caution has been exercised to see China as a geographic boundary that houses the People and not as a hierarchy that a nation is. Bitcoin China - Made for Each....
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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....
The founder of Bitcoin mining pool BTC.TOP, Jiang Zhuoer, has made another prediction on the future of this sector in China. Large BTC mining operations have been forced out of the country, as the Asian Giant crackdowns on the industry. Back in June, Zhuoer dismissed the new measures imposed on China as “not as serious”. […]
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....
For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and cryptocurrencies should be regarded […]
With China banning Bitcoin activity in its borders, Americans have a chance to shape the future — as long as regulators don't stop them.