Its pretty interesting, as in china now even beggars accept coins. Many cafes, stores basically take only coins.
And for huge transactions the best option really is coins in china.
They also skipped the credit cards almost completely and went straight to coins.
There is other risks however, like the two main companies seem to gamble the assets pretty much in return for extremely low fees.
And does the red party really want a population where they lose control over the money more and more..?
Topic: China has no blocking ICO, the rumor is just another "China Ban Bitcoin" in 2013 (Read 188 times)
August 31, 2017, 07:32:10 AM
August 31, 2017, 07:04:15 AM
Bitsonline: Does being based in mainland China present any problems when looking for investors and participants?
Xie: Not at all. For two reasons: Firstly, despite being headquartered in China, LakeBTC and LakeBanker are in fact international organizations with plans to open offices in Hong Kong, London and elsewhere.
Our team and advisory board comprise an international group of experts in finance and blockchain technology. Our potential corporate partners are spread throughout the world. As are our customers.
Secondly, any fears about China as a location for financial innovation tend to be based on unsubstantiated rumor and gossip. If you look at the actual evidence, it’s clear that China is a friendly environment for crypto-assets, blockchain-related startups and other financial innovations, including ICOs.
The Chinese national government is keen on risk management for sure. But that will be an attraction, rather than a deterrent, to serious investors. Our CSO wrote a detailed post on this question. You can check it out on our site.
https://bitsonline.com/lakebanker-thomas-xie-interview/
Xie: Not at all. For two reasons: Firstly, despite being headquartered in China, LakeBTC and LakeBanker are in fact international organizations with plans to open offices in Hong Kong, London and elsewhere.
Our team and advisory board comprise an international group of experts in finance and blockchain technology. Our potential corporate partners are spread throughout the world. As are our customers.
Secondly, any fears about China as a location for financial innovation tend to be based on unsubstantiated rumor and gossip. If you look at the actual evidence, it’s clear that China is a friendly environment for crypto-assets, blockchain-related startups and other financial innovations, including ICOs.
The Chinese national government is keen on risk management for sure. But that will be an attraction, rather than a deterrent, to serious investors. Our CSO wrote a detailed post on this question. You can check it out on our site.
https://bitsonline.com/lakebanker-thomas-xie-interview/
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