Topic: Chinese bitcoin exchange platform want to save themselves by new self-discipline (Read 943 times)

0% fee. Foreign people are also in Chinese exchanges to buy for x and sell for x+1 and still have profits

With regard to transparency and information disclosed to the public, I'm still confused by OKCoin's purported trade volumes.  If they are now going to be running a tighter ship, does that mean we won't see them constantly dwarfing all the other exchanges on charts like this one?  I get that China is a massive economy, but doing more trade than most of the other exchanges added together just looks like something isn't adding up right.  Or am I the only one who finds this a little suspicious?

basically OKCoin admitting they were not government registered, licenced etc before now and wil promise to be so in the future..

meaning governments dont hate bitcoin they just hate people flouting the FIAT laws, yet still want to handle FIAT.

either way, its business as usual on the registered western exchanges, and hopefully no one will sheeple trade using china as the bases of their sells at losses

Maybe because i understand Chinese culture better?

These are not "news" In China, there are tons of BS "news". All these exchanges KNOW exactly what their future holds but they're not gonna tell you the truth.

So the more "news" from bunch of unknown sources arent gonna help you understand better. Take it from someone who had lived in China for several years.

a good start,i think

+1 Best Miner, please keep up the articles and ignore fools.

WTF, seriouscoin?

Your statement is manifestly false, as _I_ care, and at least one person makes it other than 'nobody'.

Here we have a willing person, expending effort to bring us their (presumably) best translation - unfiltered news we otherwise wouldn't be getting. And you want to spit in his/her face?

Go away, sober up, get some sleep, and come back only when you can appreciate what others are doing for you.

Enough of these BS. Go post in Chinese section pls because nobody cares anymore.

These Chinese exchanges think we're fools or what? Just shut down or move outside of China. Stop lying already

Chinese bitcoin exchange platform want to save themselves by new self-discipline policy

Bitcoin trading platforms call on united statement about industry self-discipline
Dear Bitcoin fans :
Since Bitcoin appeared in 2009,with innovating thought and good mathematical design ,Bitcoin develops well all over the world .In many people’s opinion ,as a payment technology ,Bitcoin can increase efficiency and decrease cost .With the respect for innovation ,supervision organizations on the global give Bitcoin a developing space .Chinese supervision organizations also give a relative free supervision atmosphere to Bitcoin .
　　However ,we realize that Bitcoin development in China arises some problems ,including rapidly increasing price ,bookmaker operation and so on .As a bitcoin trading platform,we must be responsible for it .At present ,okcoin ,BtcTrade ,huobi.com ,BTC China and CHBTC has discussed together and decide to promote Bitcoin development through self-discipline .
We promise together :
1.pay attention to Bitcoin trading risk prompting .Give the public an universal investing viewpoint .
2.We will not organize and join in large marketing Bitcoin meetings .Meanwhile ,we will form some meetings about technology and innovation .
3.Obey the rules and run the trading platforms legally .We will stop new financing before 10th May .
4.Suppress over speculation and protect investors .
5.Propel the transparence of trading platforms .Control reckoning and outturn risk .
6.Ensure real name identification .Keep track suspicious trade .Fulfill money laundering obligation .
7.Build up a good information disclosure system
8.Report the latest development and risk to supervision organizations regularly and actively .

OKCoin BtcTrade HUOBI CHBTC
The members of the united statement
Okcoin BtcTrade BTC China huobi.com CHBTC
------------------------


The decision to close BTC Loan service
Dear okcoin clients :
The decision to close BTC Loan service
1.okcoin will stop new BTC Loan before 10th May .The BTC Loan before the deadline is effective .And after paying off all Loan ,we will stop leverage trading service .
2.If clients cant pay off the lending before 10th May ,they can choose to pay for it any time .
3.Clients who haven’t lend money to others cant refinance after 10th May .
------------------------------
Okcoin Bitcoin trading platform

Source:https://www.okcoin.com/t-1008656.html


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.