Author

Topic: Will new money be allowed to enter btcchina? (Read 649 times)

hero member
Activity: 518
Merit: 500
December 06, 2013, 11:57:56 AM
#6
Isn't BTCChina technically a company/institute handling bitcoin transactions? I could see China needing very little legal paperwork to shut that place down.

They specifically say that for personal use! speculating is okay. Person-to-person transactions are allowed, ie the use of the bitcoin protocol. Insert an intermediary company (btcchina), would complicate things in this new ruling.

I'm not sure if it fits but it is risky nonetheless. BTCChina has a considerable risk of being hindered by the Chinese Govt.
sr. member
Activity: 308
Merit: 250
December 06, 2013, 11:54:58 AM
#5
nope Sad thats why we already crashed 250 dolla's

Incorrect. As far as I know, individuals are allowed to invest. They're going to implement AML/KNY style requirements like everywhere else, which is annoying, but not that unexpected. 2nd, BTCchina is, if my understanding is correct, already legal and registered appropriately.

Correct me if I am wrong.
hero member
Activity: 826
Merit: 501
in defi we trust
December 06, 2013, 11:25:20 AM
#4
nope Sad thats why we already crashed 250 dolla's

250 dollars where?
legendary
Activity: 1064
Merit: 1001
December 06, 2013, 11:16:02 AM
#3
nope Sad thats why we already crashed 250 dolla's

Because you know, you researched, right?
member
Activity: 70
Merit: 10
umad?
December 06, 2013, 11:10:50 AM
#2
nope Sad thats why we already crashed 250 dolla's
full member
Activity: 238
Merit: 100
December 06, 2013, 11:08:57 AM
#1
I'm still confused by the new rulings.  What is the outlook of new money coming into BTCchina.  Has any new money come in yet?
Jump to: