|
Title: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: notthematrix on April 12, 2014, 12:16:24 AM Some quotes
"Huobi indicated in its post that it is “actively developing business cooperations with onshore financial institutions”, and that it has “reached agreements with many institutions to ensure that Huobi can have normal RMB deposits and withdrawals” " Huobi issues warning to PBOC Of the two responses, Huobi’s was perhaps the best at putting the events in general context, stating that it believes the PBOC is tightening restrictions due to concerns about money laundering and the security of its domestic financial system. The statement suggested that the PBOC should be careful not to force its exchanges to close down or relocate abroad, arguing that exchanges would be the easiest points in the system to regulate. Read the statement:" “If online trading platforms that are following the rules have to stop services, bitcoin transactions will go offline where they will be unmonitored, and will result in even more difficulty regulating.” The news follows the 11th April statements made by PBOC governor Zhou Xiaochuan, who said that the central bank will not ban bitcoin despite its latest policy shift. http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/ Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: bryant.coleman on April 12, 2014, 04:10:06 AM Unfortunately this is the only viable option remaining. I hope that they will move to Hong Kong or Macau, to make things easy for the mainland customers. But I heard that mainlanders require visas to visit HK. >:(
Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: Massimo80 on April 12, 2014, 12:34:47 PM I hope that they will move to Hong Kong or Macau, to make things easy for the mainland customers. Why should the physical location of servers and/or company HQ be of any importance at all for a completely online service like a Bitcoin exchange? It's not like you have to go to their offices to physically trade Bitcoins... Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: bryant.coleman on April 12, 2014, 12:37:42 PM Why should the physical location of servers and/or company HQ be of any importance at all for a completely online service like a Bitcoin exchange? It's not like you have to go to their offices to physically trade Bitcoins... They are not only moving their servers, they are moving the offices and support staff as well to the new location. If you have any serious issues, which can't be resolved by the online support, what would you do? Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: Massimo80 on April 12, 2014, 01:10:48 PM They are not only moving their servers, they are moving the offices and support staff as well to the new location. If you have any serious issues, which can't be resolved by the online support, what would you do? Has anyone ever had any physical contact with a Bitcoin exchange? Apart from those people who tried protesting in front of Mt.Gox's offices, I mean; which was, of course, completely useless. Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: howardb on April 12, 2014, 11:06:42 PM I hope that they will move to Hong Kong or Macau, to make things easy for the mainland customers. Why should the physical location of servers and/or company HQ be of any importance at all for a completely online service like a Bitcoin exchange? It's not like you have to go to their offices to physically trade Bitcoins... Ever tried opening an account at a mainland china bank (to accept RMB deposits) without physically locating your business in mainland china? cannot be done. Title: Re: [2014-04-11] Chinese Bitcoin Exchanges Prepare to Move Operations Overseas Post by: bryant.coleman on April 13, 2014, 04:22:08 AM Ever tried opening an account at a mainland china bank (to accept RMB deposits) without physically locating your business in mainland china? cannot be done. Now you cannot open a bank account for Bitcoin transactions, even if your office is located inside mainland China. I think the only option is now to deal in cash, or travel to Hong Kong. |