[2013-10-28] Bitcoin ATM on Xinwen Lianbo of CCTV (China)

[LiteCoinGuy]

Bitcoin ATM on Xinwen Lianbo of CCTV (China)

Bitcoin ATM is not a news for us. The biggest thing is it appears on the Xinwen Lianbo of CCTV on 28 October. This makes the last item of the Xinwen Lianbo today.

In case you don't know what it is, Xinwen Lianbo, literally "News Simulcast", is a daily news programme produced by China Central Television (CCTV). It is shown simultaneously by most terrestrial television channels in mainland China, making it one of the world's most-watched programmes.

A more important point is that Xinwen Lianbo is the MOST important political propaganda of CCTV. Any news appearing on it has to be seriously censored. The appearance of Bitcoin on Xinwen Lianbo is a really strong signal that the Chinese government, aka. the Chinese Communist Party, does not hate Bitcoin.

The link is here: http://video.sina.com.cn/p/news/v/2013-10-28/193663075917.html

This is the transcript:


According to Canadian media, the world's first Bitcoin ATM will be launched in Canada this week. With the hand scanner, users can exchange between Canadian Dollar and Bitcoin with the ATM. Before this, people could only exchange Bitcoin on the Internet. Bitcoin is a virtual currency. It can be used to buy goods on the Internet, and even pay house rent. Accodring to the latest market information, one bitcoin can exchange approximatly 1200 CNY

(from jl2012)

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[bobdude17]

This program is used as a medium for the state to announce government announcements and meetings, commentaries on major economic and policy issues, and the activities of national leaders. The program reflects official positions of the Chinese government on a wide range of matters.

[yanxuch]

For this report, what matters most is not the ATM news itself, but the attitude of the Chinese GOV towards Bitcoin. It was like "Interesting, we are still watching this gadget"， or  "Don't worry, Chinese Bitcoiners. Maybe we'll do something in the future, but for now you guys just keep playing it."

If you don't know what Xinwen Lianbo is, find the details here. http://en.wikipedia.org/wiki/Xinwen_Lianbo 

[jinni]

Interesting.

It seems like search volumes in China are spiking because of this.