“China’s actions over the past weeks have put BTC China’s future in doubt. After Chinese regulators held a closed-door meeting to warn financial companies against working with exchanges, BTC China was swiftly abandoned by two payment processors. ‘There are 300 payment processors in China. We’re going to go down the list and find one that will work with us,’ says an optimistic Lee. He doesn’t think the government is trying to put him out of business but rather put the screws on Bitcoin to cut down on the rampant speculation. ‘They haven’t declared exchanges illegal. That gives us room to maneuver, so there’s still hope.'”

http://www.forbes.com/sites/kashmirhill/2014/01/06/china-bites-into-bitcoin/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy