What's your rescue plan dev? Just came across this coin and it's unfortunate to see what China did to it.
The community is evaluating options, however, about an hour ago BTC38 posted a business plan stating that they will be diversifying their exchange in response to regulations - they will open markets out of Japan and the UK, while they will have to shut down the domestic exchange and CNY trading per regulations within 1-2 months it sounds like. Sounds like also that the new exchange platforms will be open within 2-6 weeks.
Overall, all things considered this is very positive news for Quark.
http://www.btc38.com/news/2017/9/15418.html(Via google translate)
【Announcement】 Announcement of business strategy adjustment in bit era
2017-09-15 23:02:04 Read 270512 times
Dear friends of all time, how are you? I am holding feelings, happy mood, for you to write this announcement.
I remember four years ago in the summer, the counterfeit currency is also muddle of me, out of the pursuit of cutting-edge technology, embarked on this up to four years and potholes block the chain of the road. Four years, do not remember how many lines of code, how many times the revision, how many overnight, how many times the fire. I only vaguely remember that every time the celebration of the users when the laughter; I only vaguely remember that every Friday morning financial settlement busy figure; I only vaguely remember that each visiting customers are our principles adhere to praise There is a plus. Yes, the four years, not just a picture, not just once again market, not just a story, which is the vicissitudes of life left the indelible mark - in the heart. This four years, the greatest value of the bit of the times, is to abide by, but also adhere to, is responsible, but also the copies, is to explore, but also innovation.
Today, the bit of the times has become a world-renowned brand, whether in China, Japan and South Korea or Europe and the United States, the bit of the times gives the feeling is always reliable, we resist the lever, financing, ICO and many other temptations. We have said that we want to do our best to become a street chain industry on the road ahead of a street lamp; we have said that the block chain era may be very far away, but we wait; we have said, , Not aggressive, slow is stable, stable is fast Very pleased that we did, I personally on the bitter era of this 4 years of performance, very satisfied.
Today, we make such a decision is to respond to regulation, but also to meet the policy, it is the end of an era, but also the beginning of an era: the bit will be about 1-2 months to end the RMB and digital currency trading business. In order to ensure the value of asset flows and safeguard the interests of investors, we will conduct a major strategic adjustment by the board of directors of the Bit Age. We decided to start cooperation with Japanese fromside (listed company) and British insur company through resource interchange , Which will expand the transaction to Japan and the British company's trading platform, which means that the bit of all digital assets, the future of these two international companies trading platform for BTC pricing transactions , the user holds the BTC, LTC, TMC and other currencies, will also continue in a different way to the new platform. In the case of obtaining a local financial regulatory authority license, the cooperation platform will also open the yen and euro pricing transactions. We expect the two companies will be the platform at the end of September, early November line. At the same time, we are actively linked to South Korea and the United States licensed trading platform for the current bit of digital assets to provide transaction support to improve the liquidity of assets.
The bitter era has long adhered to the implementation of the 100% reserve system, so please be assured that your assets are safe, all your cash will be processed, all your holdings will have other platforms to provide circulation. In the future, we will continue to work on the road to legitimate compliance, may also be in the country to obtain the case of special currency transactions permit to resume service.
We still believe that the block chain technology can improve the social efficiency in the aspects of people's livelihood, finance, artificial intelligence and so on, and effectively solve the trust problem in the social ecology. Our technical team will continue to deepen the research and understanding of the block chain technology. Of the operation will focus on strengthening the people of the block chain technology to understand the science. The bitterness era will continue to focus on the circulation of digital assets from the media sector, technology research and development and industry community, as well as other overseas platform to provide effective support for the interests of users.
Bit operation has been more than 4 years, with more than 30 million investors, the cumulative transaction size of tens of billions of dollars, with a solid style of work, in the industry enjoyed a high industry status and excellent user reputation, the user evaluation we Conscience platform, also think that the word has become the word of the times, in this sensitive policy window period, the bit will always stand with you, pay attention to the interests of users, for the user to build good in extreme cases of risk prevention measures.
Thanks to the times and meet the 38 million people of the times, is your enthusiastic proposal, let us better and better; is your selfless propaganda, so that the family is getting bigger and bigger; is your loved ones support, let us come today The Bitcoin has become a global digital asset, block chain technology has had a profound impact on the existing economic system, I hope we can be destined in the future and create greater glories.
The current bit of the times still maintain normal operation, we will maintain a positive and active operating attitude for your service , and will maintain a high degree of concern about regulatory policy, if you have any suggestions, please contact our customer service feedback. The recent policy risk is great, the digital money market prices fluctuated violently, you are at the risk of their own under the premise of careful trading.
Bit of time
September 15, 2017
