BTCC Urges Customers Not to Rely upon Media Reports on Bitcoin Regulations in China
BTCC, the leading Chinese Bitcoin exchange platform cooperates with PBOC officials as they wait for yet to be published inspection report. The Bitcoin market in China is currently faced with uncertainties. Since the recent price drop, the digital currency platforms operating in the country have come under the scrutiny of the People’s Bank of China (PBOC). During the recent inspection of Chinese cryptocurrency exchanges, PBOC reportedly found few “hidden risks” in their existing practices. As the central bank continues to contemplate further action, Huobi, OKCoin and BTCC have made few....
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China-based bitcoin exchange BTCC has publicly commented on statements issued by the country’s central bank. The People’s Bank of China (PBoC) released twin statements this morning, outlining that it had met this week with representatives from BTCC, as well as Huobi and OKCoin – exchanges which host the majority of global bitcoin trading today – and warned them about remaining in compliance with state laws and regulations. The digital currency’s price also fell below the $900 mark amid the news. BTCC said that its representatives “work closely” with officials from the PBoC “to ensure that....
As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin trading “violated rules” and resulted in abnormal price volatility. BTCC CEO Bobby Lee reacted to....
BTCC Mining firm CEO Bobby Lee mostly urges a “wait-and-see” approach before jumping to conclusions about how the Block Size debate might turn out. “Even though there are people out there who don’t like what Core is doing, I still fundamentally think that they are a very valuable resource in the Bitcoin community, and whatever compromise we propose, that we need to involve the feedback and input from Core team,” says the BTCC CEO. He makes clear in the recent Reddit AMA that he supports the Core Bitcoin developers. “Even though there’s a lot of opposition in the industry, I fundamentally....
BTCC, one of the longest-running Bitcoin exchanges in China, celebrates its fifth anniversary. CoinTelegraph spoke with the company’s CEO Bobby Lee about their current projects and his vision of the company’s future. Leader in China Bitcoin Ecosystem. BTCC was originally founded in China in 2011. In a period of five years it has succeeded in occupying a leading role in every segment of the Bitcoin ecosystem. Let’s take a quick look at how the steel was tempered. In 2013, two years after being established, the company raised $5 million in Series A funding from Lightspeed China Partners and....
BTCC, one of China's 'Big Three' digital currency exchanges, has announced a new promotion that will see fees cut on US dollar-based bitcoin trades. Beginning 1st March and running through the month, BTCC says it will cease charging customers on both sides of trades on BTCC.com, its international exchange site. However, fees will remain in place at BTCChina.com, its domestic exchange offering. In statements, BTCC representative Tendai Musakwa said the promotion is a tactical move aimed to outflank competitors by focusing on the exchange's international reach. Musakwa said: "We're now....