1. It is true that more and more people begin to buy
bitcoin now, not only because of the rising price of bitcoin, but also because of its hedging characteristics and the current economic and financial difficulties, so everything becomes very natural.
2. BTCC, China's first bitcoin trading platform, has been acquired by Hong Kong based blockchain investment fund company
in a statement released this week, BTCC confirmed its acquisition by Hong Kong blockchain investment fund. Although the details and terms of the acquisition have not yet been announced, it has brought the former bitcoin giant back to life. BTCC, formerly known as BTC China, is a bitcoin trading platform with a long history of global operation. It is the first digital currency exchange in China and the largest one ever
BTCC explained that the acquisition will help the company shift its focus to the international market, as China's restrictions have led to the general closure of domestic digital currency exchanges BTCC, like other bitcoin start-ups in China, was first reviewed by relevant departments in January 2017 after central bank officials concted field visits to a number of domestic exchanges. As a result, BTCC suspended users' bitcoin extraction service in mid February and did not reopen until June. In mid September, Chinese authorities ordered the closure of the bitcoin exchange, and BTCC suspended user trading before it closed on September 30, 2017
3. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.
4. On Tuesday, Beijing time, China's first bitcoin exchange said it had been acquired by an unnamed Hong Kong blockchain investment fund
"today's acquisition is a milestone for BTCC, and also a recognition and reward for our achievements in recent years," said Li Qiyuan, co-founder of BTCC. "The introction of resources will help BTCC develop its business more strongly and actively from 2018. I am very excited about this."
6. Li Lihui, former president of the Bank of China and head of the blockchain working group of the Internet Finance Association of China, delivered a speech on blockchain application and
virtual currency supervision, in which he mentioned the upcoming launch of bitcoin futures by the Chicago Mercantile Exchange Group (CME) and the change of regulatory attitude in the United States, It triggered a discussion about whether bitcoin can return to China. Stationmaster thinks, from the perspective of the world, the change of regulatory policies in various countries is quietly happening, and many signs show that the acceptance of bitcoin in various countries is graally increasing
