China’s bitcoin crackdown has simply driven trade underground
|01/26/2018||Posted by BusinessMediaguide.Com under General World News||
- China banned bitcoin exchanges at the end of last year.
- But the trade has simply gone underground, says the CEO of China’s oldest exchange BTCC.
- CEO believes rules will eventually be relaxed, although not anytime soon.
LONDON — China’s crackdown on bitcoin has simply led to the trading going underground, according to a key player.
Bobby Lee, the founder and CEO of China’s oldest bitcoin exchange BTCC, told Business Insider: “It’s gone underground.
“The point is the demand is there. It’s not like you ban alcohol and you can’t get alcohol — alcohol is physical, you can stop it at the borders. Bitcoin you can’t read more >>>