Bitcoin Forum
January 21, 2018, 07:05:56 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-02-28] A Regulatory Storm Is Forming in China  (Read 296 times)
TwoTimes
Full Member
***
Offline Offline

Activity: 139


View Profile
March 01, 2017, 03:49:00 PM
 #1

Some new revelations have been coming from China concerning the recent bitcoin exchange policies within the region. The leading exchange BTCC has revealed it will be offering zero fees for USD/BTC trades for one month. Meanwhile, Chinese exchanges are beginning to lift withdrawal suspensions but are asking for further customer identification.

Throughout the new year, the People’s Bank of China (PBOC) have been enforcing new regulatory rules across the Chinese bitcoin exchange industry. China’s top exchanges have added fees to trades, removed future options, and a few exchanges suspended BTC withdrawals. Just recently BTCC has announced its USD bitcoin exchange promotion offering zero fees until March 31. The company’s move may be a reaction to try and stimulate more trading as BTCChina trades will still implement fees.

Read More Here: https://news.bitcoin.com/a-regulatory-storm-is-forming-in-china-video-verifications-required-futures-forbidden/
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516561556
Hero Member
*
Offline Offline

Posts: 1516561556

View Profile Personal Message (Offline)

Ignore
1516561556
Reply with quote  #2

1516561556
Report to moderator
1Referee
Legendary
*
Offline Offline

Activity: 1400

www.hashrentals.com domain for sale.


View Profile
March 01, 2017, 04:04:17 PM
 #2

Chinese exchanges are already losing their significance, but if this continues, then you can bet on it that people will look for other ways of obtaining Bitcoin. P2P is still in its early stage in China, but if regulations will force Chinese exchanges to tighten their policies to more extreme levels, then it will only push people away from them, where they will give the P2P market a massive boost. One thing I am happy with, is that all these regulations won't harm the price of Bitcoin anymore. China sinks, Japan is about to break through. Smiley

just_Alice
Hero Member
*****
Offline Offline

Activity: 560


Vacation rentals platform powered by CryptoDNA®


View Profile
March 01, 2017, 04:07:58 PM
 #3

It is a nice move from BTCC to offer zero fees until March 31. I think this will bring much more customers to their place. But at the same time requiring a video verification is not so good for their customers. But I think they have no choice because most likely it has something to do with the government's regulations.


       


████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
               ▄▄▄▄▄▄
          ▄▄███████████▄████▄
       ▄████████████████ ▄▄ █
     ▄███████▀▀▀     ▀▀█ ▀▀ █
   ▄██████▀            ▀████▀          ██
  ▐█████▀                            █████
 ▐█████                             ███████
 █████          ▄███▄                ██████▄
▐████          ███████         ██     ██████
█████          ███████       █████    ██████
█████           ▀███▀      ███████    ██████
█████            ███         █████    ██████
▐████           █████          ██     ██████
 █████         ███████               ██████▀
 ▐█████                             ███████
  ▐█████▄                            █████
   ▀██████▄            ▄████▄          ██
     ▀███████▄▄▄     ▄▄█ ▄▄ █
       ▀████████████████ ▀▀ █
          ▀▀███████████▀████▀
               ▀▀▀▀▀▀





                ▄▄▄▄
        ▄▄▄▄████████
▄▄▄▄████████████████
████████████████████
████████████████████
████████████████████
██████████████▀  ▀██
██████████████    ██
██████████████▄  ▄██
████████████████████
████████████████████
████████████████████
████████████████████
████████████████████
████████████████▀▀▀▀
████████▀▀▀▀
▀▀▀▀
  
WHITE PAPER
HOME PAGE
THE ICO
       


████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
richardsNY
Legendary
*
Offline Offline

Activity: 938


View Profile
March 01, 2017, 05:22:37 PM
 #4

It is a nice move from BTCC to offer zero fees until March 31. I think this will bring much more customers to their place. But at the same time requiring a video verification is not so good for their customers. But I think they have no choice because most likely it has something to do with the government's regulations.



I doubt anyone beside a few noobs will welcome the one month of free trading. Mainly because of the fact that these regulations are just the beginning. People will think twice before signing up at these exchanges. It's indeed the government that is forcing through these regulations. No exchange will put such policies to work as it doesn't exactly play out in their benefit.

Idrisu
Sr. Member
****
Offline Offline

Activity: 448


Presale Live!


View Profile
March 01, 2017, 06:32:11 PM
 #5

It is a nice move from BTCC to offer zero fees until March 31. I think this will bring much more customers to their place. But at the same time requiring a video verification is not so good for their customers. But I think they have no choice because most likely it has something to do with the government's regulations.


video call verification is the best mode of verification that will bring confident to genuine investors. If your hand is cleaned you have nothing to be afraid of. Because of anonymous nature of bitcoin transactions, bad and evil people are used it to perpetrate there evils scheme.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!