Topic: The CEO of BTC China :it will not ban virtual currency completely - page 2. (Read 1171 times)

China has strict exchange controls. Bitcoin is a treat to that. China cannot ban Bitcoin completely, but will do its best to hinder Chinese citizen transfer money out of the country.

As MtGox went bankruptcy ,more and more people start to suspect virtual currency .In China ,some trading websites have been closed ,while in America ,bitcoin is still popular .For bitcoin circumstance ,Japanese economic news has interviewed Bobby Lee ,the Ceo of BTC China .

Correspondent :How to treat the MtGox bankruptcy ?
Li qi yuan :The clients of MtGox come to other largely trading place .After MtGox went bankruptcy ,the trading amount of BTC China also increases .
According to the case ,we should attach importance to ethics ,morality ,transparence and talent .There are countless bitcoin trading place in the world ,but their quality is    quite different .The behavior damaging the market is common .

Correspondent :What measures should we take to increase bitcoin trust ?
Li qi yuan :It’s a long time that financial service gains its trust .We are searching how to integrate safety and bitcoin electronic wallet .In addition ,if the trading indicator increases between virtual currency ,it is good for price stabilization .

Correspondent :How to treat bitcoin condition ?
Li qi yuan :In Europe ,online shop and physical shop ,which accept to use  bitcoin ,is increasing constantly .However ,bitcoin mainly function is investment now .In China ,the mainly participants of bitcoin trade are man .People invest it as estate .

Correspondent :What is Chinese government attitude towards bitcoin ?
Li qi yuan :I often communicate with the government .Though bitcoin is not currency as the law ,individual trade is legal .In my impression ,Chinese government doesn’t plan to ban virtual currency completely .


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.
Source http://money.163.com/14/0519/11/9SJRIR7G00253G87.html