Sunday, September 17, 2017

Blockchain News: Blockchain Cutting Edge Company Founder On How To Stay Legal in China

Blockchain Cutting Edge Company Founder On How To Stay Legal in China

Cointelegraph spoke to Eric Gu, the founder of ViewFin, the team behind Metaverse Blockchain in China, about the challenges caused by the China regulators’ shocking actions, the role of geopolitics, further plans of officials and what the Chinese Blockchain-based businesses are planning to do in response. We also spoke about the Ethereum killers and what programming language can give you an edge in China.

On Thursday, second largest Bitcoin trading platform in China, BTCC announced that registration for new accounts for the trading platforms was stopped from that day onwards.

That day, it became known that all its Bitcoin exchange businesses will stop Sept. 30th after considering the announcement made by the Chinese regulators, namely the People’s Bank of China (PBOC), the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology (MIIT), the State Administration for Industry and Commerce (SAIC), China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC).

In response to the regulation. OKCoin has announced on Sept. 15 that it will temporarily stop the registration of new users and deposit service in RMB, and to gradually reduce the exchange of cryptocurrency with RMB until it comes to a stop by the end of October. Huobi has made a similar announcement.


Full story at http://bit.ly/2xdsa2c


Source: CoinTelegraph


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