Bitcoin in China: An Insider’s View

[Huobi-USD]

This article appeared on Coindesk, written by Huobi founder and CEO Leon Li, and translated by Robert Kuhne, explores the current state of bitcoin in China – how is it being used and how is the government dealing with it? Li also offers some suggestions on the steps he thinks the Chinese authorities should take in regulating cryptocurrencies.

Read here: http://www.coindesk.com/bitcoin-in-china-an-insiders-view/

The article is originally published on Tsinghua Financial Review which is a journal targeting on Chinese financial policy makers and provide them with references. It's the first time a Chinese authoritative journal discussing about bitcoin and the relevant regulations.

Feel free to make any comments here. Do you agree with Leon's view?

[Preen]

Interesting read thanks

[CoinBateman]

Not much to be said there. Seems just like an infographic type article

[randy8777]

it's good to see huobi ceo is willing to share things bitcoin related in china, but that article doesn't say anything that we didn't know already.

[newcripto]

I have read this article on coindesk and it is nice try to bring positive and useful suggestions in related Chinese authorities to regularize Bitcoin.I do agree with his views.Everything will is good for Bitcoin and cryptocurrencies  must be appreciated.

[Kprawn]

China want to dominate the financial world, but they also do not want to lose control over the censorship of their citizens. They will most probably follow the USA example of implementing strict regulations for the

use of crypto currencies, as a currency. The AML|AML regulations in the USA will look weak compared to the regulations they would apply to Bitcoin.

They will lose out to the rest of the world in retail and new job opportunities, if they do not accept a global currency like Bitcoin. The trade off, will be to sacrifice privacy for use.