Dear Bitcoin Community,


We are helping Eternal Spring, a non-profit organization in China to spread-the-word about their project on raising donation for earthquake victims in China.

About Eternal Spring
Inspired by the traits of digital currencies, Eternal Spring (www.eternalspring.org) was established in 2013, the first non-profit organization in China that accepts both legal tender and digital assets. Through a distributed, decentralized block-chain, donations to the vulnerable groups become virtually transparent and highly efficient, and all this come at a low cost. While on the other hand, public donations could be exclusively used for philanthropy reasons.

On behalf of the crypto-currency communities in China, BTC China and Eternal Spring hope you could join us in this move, via the worldwide connection of digital currencies. The plan consists of two phases,
 
1. Procurement and distribution of relief supplies during the golden 72 hours;
2. Reconstruction of the quake-hit communities, especially the management of epidemic situation, psychological counseling and the settlement of the victims.
 
All your kind donation will be strictly recorded and used in the procurement of relief materials such as tents, stretchers, quilts, medicaments, food and so on. Designated volunteers will make sure such goods are delivered in where they are mostly needed.

If you wish to donate, please email Max@eternalspring.org or Moke@eternalspring.org

For more information about this project, please visit: http://www.eternalspring.org/show-21-148-1.html


Thank You!
BTC China Team
 

Thanks so much for your support!

BTC China Officially Launches USD, HKD Deposits and Withdrawals

BTC China is proud to officially launch USD and HKD deposits and withdrawals, becoming the first Chinese exchange to support three fiat currencies. After an invite-only period, BTC China is thrilled to expand this service to all of its International Account Holders. During this trial stage, BTC China collected several million USD worth of deposits. This service will be processed via its registered Hong Kong affiliate.
 
Upon registration, users have the option to select Domestic or International Account. International Account holders will be automatically eligible for this new service. Existing Domestic Account holders who wish to deposit and withdraw using USD or HKD are encouraged to open an International Account. After making their deposit, users will have access to the full range of BTC China’s products and services. All trades will be conducted in BTC/CNY and LTC/CNY.
 
“As a global company, BTC China is pleased to accommodate the demands of our users, both domestic and international,” said BTC China CEO, Bobby Lee. BTC China’s users have demonstrated strong demand for the exchange to support other currencies, and this is the first step.  Previously, users were only able to make deposits and withdrawals in CNY. As always, trading at BTC China is completely free. BTC China looks forward to continually expanding its products and services to cater to the global market.
 
 
 
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About BTC China
 
Founded in 2011, BTC China is the world’s oldest Bitcoin exchange, and a market-leading innovator of the new digital era.  Under its portfolio are a number of mobile and desktop products including Picasso Mobile Wallet, Mobile Exchange and the BTC China Trader.  The first Chinese Bitcoin startup to be VC-funded, it raised $5 million in Series A from Lightspeed China partners in September 2013. Currently, through its exchanges, BTC China offers trading of BTC/CNY, LTC/CNY, and LTC/BTC pairs, and has plans for aggressive international expansion.

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Find out more at https://www.btcchina.com

Dear fellow members of the Bitcoin community,

     I am honored to have been elected to serve as an Industry Board Member of the Bitcoin Foundation. I also congratulate Brock Pierce on his election, and send my thanks to Vinny Lingham and the other highly qualified nominees, all of whom have made great contributions to the industry.

     I thank you not only for your support of my candidacy and the confidence you have expressed by electing me, but also for your commitment to the Bitcoin movement. As I have dedicated my career and future to Bitcoin, I feel honored to have this opportunity. I appreciate my duty to represent the Bitcoin community and to serve as guiding voice in the development of our industry. These are big responsibilities, and I intend to work hard and listen to your needs.

     To ensure transparency, healthy markets, and innovation in the Bitcoin ecosystem, I will do my utmost to elevate the level of dialogue and understanding with government and regulators. It is my ambition to work towards creating a legal framework that supports—and does not impede—the progress Bitcoin. This will allow us to do what we do best: to focus on technological innovation and mass adoption of Bitcoin, and to make the technologies of the future.

     By serving on the Bitcoin Foundation Board, my goal is to play a pivotal role in enabling and promoting the adoption of Bitcoin worldwide, but I know this is only the beginning of a much larger trend. The future of Bitcoin depends as much on public education and acceptance, as it does technological innovation, legal support and financial integration. I encourage all members of the community to reach out and continue the dialogue with the Bitcoin Foundation, so that we can realize the great potential of cryptocurrency together.


Sincerely,

Bobby Lee

CEO, BTC China

Dear fellow industry members,

I am honored to have the opportunity to run in this election, to represent you by serving as a board member of the Bitcoin Foundation.

I have answered several of the forum debate questions, and I am posting them again here for your consideration:

1) Candidates, if elected, what would you do to improve the Foundation?

Though there has been numerous perspectives on how well Bitcoin Foundation has been run, I must say that without the Bitcoin Foundation, our industry would not have come so far in just a few short years.  Bitcoin Foundation deserves a lot of credit, yet we all know there is plenty of room for improvement.

Bitcoin Foundation should drive two key topics: Technology Development, and Government Regulation.

For Technology Development, Bitcoin Foundation needs to rally the whole industry, and ensure that there continues to be a strong team of core developers, to push the technology envelope further.  The Core Dev team needs to have a strong vision, and be well funded, and well organized.  Bitcoin Foundation should help make that happen.  Only with a strong development behind Bitcoin, can it truly realize its full potential.

In terms of Government Regulation, what we have seen recently is that many countries and their central banks have come out to declare that Bitcoin is not a currency, but rather merely a virtual commodity.  Though it is a reasonable declaration, it does have some quite negative consequences, when it comes to commerce and taxation.  This is sort of a knee-jerk reaction by the worlds' central banks and regulators, as most likely, they don't fully understand Bitcoin and don't appreciate its full potential in an increasingly digital society.  Whether or not they are intently collaborating, the regulators around the world have been coming out against Bitcoin.

At this juncture, it is paramount for Bitcoin Foundation to step up, and work more closely with regulators around the world, and not just in the USA.  The regulators and central banks of all countries deserve more from Bitcoin Foundation, and that our industry needs to speak up more, and really talk openly with regulators about the future benefits of Bitcoin.

And lastly, the Bitcoin Foundation needs to overcome its current industry perception, and become more transparent to its members and the public Bitcoin community.  It needs to embrace the whole community, and even consider bringing in other groups, besides just "Industry Members" for example, such as Regulators, the Financial and Banking sectors, Miners, etc.


2) What do you feel are the minimum infrastructure requirements for mass adoption?

We are all in it together, and we ultimately all want to see Bitcoin succeed.  Mass adoption is certainly one way in which Bitcoin can succeed.  Bitcoin has come a long way in these 5 years, but the next 5 years is actually more important.  Why?  Despite all of its successes so far, Bitcoin is still not guaranteed for long term success, at least not from what we can see now.

I am for the path of mass adoption, though some would correctly argue that Bitcoin can succeed without mass adoption.

In any case, for mass adoption to happen, we need to work hard as an industry, and solve the following pieces of this important puzzle:

Public Education:  Today, Bitcoin is still super complicated, and inaccessible for the common user.  We need more education, and need to continue to simplify the software and services (wallets and payment), and lower the stepping stone for the average users.  Also, do not underestimate the power of media.  With the help of media worldwide, we can truly bring Bitcoin to the masses, at least bring it into their consciousness first. 

Store of Value
With a larger and larger circulation value (i.e., Market Cap), we hope that Bitcoin prices will be less volatile.  Lower volatility is extremely important for people to take the Store of Value concept more seriously.  We all know that if truly successful, the bitcoin price today will be seen as a tiny fraction of its future potential price.  The price increase from here to that dizzying height will be full of volatility, with massive ups and downs, for many years to come.  Therefore, as an industry, we need to work together, to promote more stable pricing, to smooth out the upward trajectory, so to speak. 

Security and Safety
This topic applies to everything and everyone in our industry: wallets, exchanges, mining pools, websites, and merchant solutions.  We constantly need to invest in safety and security, even if it means slowing things down a bit.  If you think about it, Bitcoin only has one shot at success, when it comes to safety and security.  What happened at Mt Gox is unacceptable, so as an industry, we cannot let that happen again, or even anything close to that. 

Merchant Acceptance
In the end, if Bitcoin is to succeed as the ultimate form of "electronic cash", then we have to see broad merchant acceptance.  However, we do know that merchant acceptance is sort of a chicken and egg game, where merchants first want to see proof of demand from users.  Yet users want to see proof of usefulness from large merchant acceptance.  We need to work hard to prime the market, and convince more and more merchants to accept Bitcoin. 

Accessible Exchanges Worldwide
Just like how the Internet was called the Information Superhighway, Bitcoin is really the Money Superhighway.  And on this Money Superhighway, Bitcoin exchanges are the on-ramps and off-ramps, serving each country in the world, by allowing for exchanges into and out of the national currency.  Bitcoin cannot function without a healthy and robust network of exchanges worldwide.  Even though some people predict that one winner will take all for the exchange market, I am hopeful and prefer to see a healthy and robust network of many exchanges around the world.  Of course, they all need to be safe, reliable, and reputable.  I also like Peer-to-Peer and ATM transactions, but these alone cannot sustain a Bitcoin revolution.


3) What role, if any, do you feel the Foundation should have in the legal and regulatory environment?

I think that the Bitcoin Foundation has a strong role to play in the legal and regulatory environment.  In promoting Bitcoin, the uneducated perception is indeed that we are going against the interests of the governments and central banks. 

Today, many governments and central banks have come out to say that they will not regulate Bitcoin, and will leave it as it is, classifying it as a virtual commodity or personal property.  This description seems to be naive and simple, and it certainly appears that Bitcoin can continue to flourish under this "unregulated" environment.  However, this is not what is really happening.  Instead, governments and central banks are currently subverting Bitcoin by restricting banks and financial institutions from dealing with it, effectively putting a chokehold on Bitcoin, and limiting its ultimate success. 

Let me say that one more time:  To governments and central banks, the perception is that Bitcoin will upset the balance, and that Bitcoin competes with the existing monetary system, and will affect the governments' strong hold on global finances (through the fiat money system). 

I know that this is not the case, and that there is room for a future where Bitcoins will supplement the existing financial system, and exist side-by-side with Fiat currencies.  However, central banks today do not yet see the positive aspects of Bitcoin, and only see the negative aspects, such as money laundering, terrorist financing, anonymous transactions, and competition with inflationary fiat currencies. 

Therefore, in order for Bitcoin to have long term success in the world, it is paramount that we work closely with government regulators worldwide, to educate and promote the positive aspects of Bitcoin, and dispel the inaccuracies and wrong perceptions.  With a positive and cooperative mindset, we can hope to work with regulators to legitimize bitcoin, while at the same time, addressing their real concerns, and minimizing the problem scenarios. 

Now, I also realize that there is a large contingent of Bitcoin supporters out there who are against us working with government and regulators to regulate Bitcoin.  I do respect your perspective, as you see Bitcoin as truly free and decentralized, so why bother to, and why need to work with government regulators at all?  To this audience, my response is simple: due to Bitcoin's already decentralized and pseudo-anonymous nature, your goals and desires will never be infringed upon.  You will continue to be able to freely use Bitcoin the way you see it.  If and when the industry does get to work closely together with regulators, it will only bring on more mass adoption, and hopefully that will not impact your use of Bitcoins.


4) What are your views on bitcoin white lists, redlists, blacklists, etc? Should fungibility be a priority for the Foundation?

I am a strong believer in the importance of fungibility for Bitcoin.  We should never forget our roots, that Bitcoin was created with fungibility and decentralization as a core principal.  I will always support this, and will not endorse any initiatives that mandate blacklisting or such.

Bitcoin should be viewed as money, so money should never be blacklisted.  With the advent of mixers and tumblers, it is practically impossible to successfully blacklist bitcoins or addresses.  Instead, blacklisting would only cause more FUD for normal people, as they can never be sure about the bitcoins they receive.  That kind of FUD will certainly put a damper on the success and growth of Bitcoin.

On a related note, I have seen efforts to tie real-name identification to Bitcoin addresses or online accounts.  I think that is fine, as it will be confined to certain services and exchanges, and in essence, it's optional, as users can ultimately choose what software and services they use.  Much of the movement towards real name identification is to align with government regulation needs. 


Thank you for reading my answers, and thank you for your support.  If elected, I promise to put my energy into Bitcoin Foundation, and continue to be an accessible public spokesperson for our wonderful Bitcoin industry.

Please feel free to contact me if you have any additional questions or comments.  I am always available.

Thanks,
Bobby

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Please follow this link to view Bobby's profile or if you have any questions for Bobby, you can communicate with him directly there: https://bitcoinfoundation.org/forum/index.php?/topic/916-industry-candidate-bobby-lee/

Hi, yes it is! If you have any enquiries and suggestions about us, we would love to hear your feedbacks! You can email to support@btcchina.com

Hi all,

For an easier and faster CNY fund/withdraw experience, we have added a new feature requiring users to select a user account type: Mainland China account or International account.


Where can I select my user account type?

For all new users and existing users that have not previously traded on our exchange, a popup window will appear upon clicking “CNY Fund” and “CNY Withdraw” pages.


Which user account type should I select?

If you have a bank account opened in Mainland China, please select Mainland China account. Otherwise, please select International account.

Please note: Once this is set, it cannot be changed.


What is the difference between the two account types?

Mainland China account can:

Fund through: 1. Yi Jin Dong 2. Bank Transfer 3. BTCC Voucher

Withdraw to: 1. BTCC Voucher 2. Bank Account

International account can:

Fund through: 1. BTCC Voucher

Withdraw to: 1. BTCC Voucher

Note: For CNY fund/withdraw assistance, please email us at voucher@btcchina.com.


Are the BTCC Voucher for the two account types the same?

No. The BTCC Voucher withdrew to Mainland account users cannot be funded into International account users, and vice versa.


How come a popup window did not appear when I clicked “CNY Fund” and “CNY Withdraw” pages?

For existing users that have made transactions and fund/withdraw CNY on our exchange will not need to select  an user account type. Your user account type is set by default as “Mainland China” account.


I have already selected a user account type, can I change it again?

Once you have made your selection, you will not be able to change your selection anymore. If you wish to change your user account type, you can register for a new account and reselect your user account type.

For further enquiries, please contact our 24/7 customer support service.



BTC China Team
https://vip.btcchina.com/