8 Burst results for "Btc China"

"btc china" Discussed on Wall Street Breakfast

Wall Street Breakfast

05:58 min | 3 months ago

"btc china" Discussed on Wall Street Breakfast

"Comparison figure marks significant growth. It would be less than the exponential rate. Seen in years past the date shift into the third week of june also puts prime day in amazon second quarter which was a period last year that saw sale surge due to pandemic spending prime day usually takes place in october company guidance. Already factored in the site-wide sale calling for one hundred ten. To one hundred. Sixteen billion dollars in the june quarter with operating income ranging from four point five to eight billion dollars and one point five billion in covid nineteen related costs. Prime day is usually a non event for investors. Given the lack of real financials it. Even dented sentiment last year and triggered some panic selling when amazon failed to claim it was the largest shopping bit and company history while amazon stock climbed four percent last week. It's only up seven percent in two thousand twenty one compared to the eleven percent gain for the s. and p. five shares are still only one point three percent below their all time peak reached september. Twenty twenty supply chain disruption. Amazon sellers aren't likely to catch a break this year. As the retail industry grapples with widespread supply chain issues. The bottlenecks are making it. More challenging to start distribution facilities and warehouses while demand source due to pat wallets from stimulus checks and the economy reopening. Many businesses have even attempted to stock up on as much inventory as they could ahead of prime day but most sellers don't have the cash to bring in the inventory three months before said fritos ceo schreiber adding that seventy percent of amazon's third party sellers are anticipating inventories shortages following a big day for us equities on monday or the dow took back. Its lead to close nearly two percent. Higher stock index futures are debating their next direction. The where he atmosphere count before powell makes his next appearance. This time testifying before congress. He's likely to reiterate job. Growth will pick up in the coming months and price pressure should ease but may invite fresh talk about interest rate hikes. Or the fed's bond buying program bigger picture. The market is in a very fragile. Emotional state said altaf qassam of state street global advisors in europe. It'll be a rocky road. It'll be bumpy and pronouncements from central bankers going to get very quick knee-jerk responses powell will take the stage two pm eastern time before the us house of representatives select subcommittee on coronavirus crisis over in washington. President biden separate infrastructure talks on monday with two key democratic senators joe manchin and kristen cinema while he was encouraged by the proposal biden still has questions about the policy as well as the means for financing the bipartisan groups proposal according to the white house mansion and cinema have been noncommittal when asked if they would support a reconciliation bill which could pass parts of the broader infrastructure package via a simple majority. Don't forget bitcoin. The crypto has formed a death cross. Meaning it's average price over. The last fifty days fell below that of its two hundred day moving average overnight. Bitcoin slipped another two point. Eight percent to thirty one thousand. Six hundred and fifty dollars spooked by renewed crackdowns from china beijing even summoned official from its largest banks and alipay to reiterate a ban on providing crypto services a day after crashing down on mining operations in sichuan it basically says now otc transactions are not legitimate. We are not allowed. Why the banks to transfer money for crypto currency purchases and sales said. Bobby lee formerly ceo btc china. China's first bitcoin exchange the broader. Solar industry is coming off a record year of installations but the potential threat to supplies could hurt the supply chain that has already slowing projects and raising costs. According to a report from politico the biden administration is considering barring imports of polysilicon. From jon. Jiang china which produces about forty five percent of the world's supply of solar grade polysilicon aband- could also undermine biden's aggressive goal of placing the us on path to eliminate carbon dioxide emissions from the power grid five backdrop. Just before leaving office. The trump administration announced an import ban on all cotton and tomatoes produced in jinjiang over allegations. That they are made with forced labor from detained. We muslims since then. A group of bipartisan. Lawmakers has pushed president biden to impose import restrictions on polysilicon allowing customs and border protection to seize at s ports any imports. It suspects of being made with forced labor plus turn companies have also wrestled with what to do in jin jinjiang with nike in him and burberry facing backlash over statements. They made about practices in the region could solar be made it. America first solar just committed to building a new six hundred eighty million dollar panel factory in ohio. It's seeking to reassure manufacturing. That has moved outside. The united states bolstered by president biden's clean energy goals while solar wasn't yet named as a manufacturing priority by the administration it supports extending tax credits for solar panel purchases or to require federal contractors to purchase many solar panels from us suppliers. It won't be easy first. Solar also backs tariffs to fight low priced goods from abroad. Economists and industry specialists say hefty subsidies via tax breaks would be needed in addition to the pair of but even then it might be a long shot to get the sector off the ground. China heavily subsidizes whatever strategic industry. It chooses to focus on first solar. Ceo mark widmer declared. How does any american company ever.

amazon Amazon Six hundred Eight percent nike ohio four percent eleven percent Sixteen billion dollars seventy percent congress one hundred europe last year two thousand seven percent september last week President joe manchin
Bitcoin and Sound Money Deep Dive with Blockstream's CSO Samson Mow

CRYPTO 101

09:01 min | 1 year ago

Bitcoin and Sound Money Deep Dive with Blockstream's CSO Samson Mow

"Right. What is up up all you good citizens of nation? We have probably one of the most special guests that we've ever had on the show today. We are honored to introduce you to him. I'm Bryce your host. I'm joined by my compadres pizza. Mind as always say what's up. I put on my nice clothes for this interview and that is to say I am wearing clothes. We are joined by the chief strategy officer of WLAC stream of WHO everybody. WHO's listening to this owes a lot to? They are some of the core developers For the bitcoin core software that runs the BITCOIN. That everybody knows and loves Samson welcomed the show. Thanks thanks for having me you are very welcome. Welcome and Let's just kick it off with. I'm just super interested personally about how you got into Bitcoin. You've been the space for so long. And how did you golve into your role as chief strategy officer at block stream right so I guess I I Heard Bitcoin I think in twenty thirteen just reading about it online. Fine and I got involved. I guess officially when I joined. BTC China which was the largest exchange. At that time I think amount gawks imploded in a lot of people just just moved over to BBC China and we rebranded laid onto BTC. So you might have seen that name but it's a ramp down a lot since I've left I think and end in two thousand seventeen joined block stream to focus on liquid and getting liquid launched. That's amazing and tell us a little bit about what block streams role role in the industry. As I think everybody's familiar with them. But what's the actual you know from the Horse's mouth what what's the role so typically we say we are a Bitcoin IT infrastructure company and that could mean all different things to different people but for us. It means we're working on Augmenting Bitcoin so love our tech is at the base layer protocols stuff we also work on things like lightning network. So we are. One of the three major implementations would see lightning But we do a lot of other stuff too. Do we have wallets o'clock explorer. Basically things that we think could make bitcoin more robust and of course blocks from satellite which as another layer layer of redundancy to the bitcoin network. So it doesn't depend on terrestrial Internet so just in case someone's first episode that they're listening to. Would it be fair to say that that block stream is to bitcoin. What McDonald's hamburgers like you just can't have one without the other? I mean you could say that I mean there's other other companies that make hamburgers by out makes way better hamburgers. You kidding me. McDonald's but McDonald's is worldwide over billions and billions served. Well we do focus on bitcoin predominantly. So everything is somehow related to bitcoin. We don't work on coins or enter a block chain stuff awesome. Yeah that makes a lot of sense. So I've seen you speak at several conferences and I love how you talk about Bitcoin. As a settlement network as opposed to what everybody thinks is a payments network. And it's a concept that a lot of people don't really understand so you could you break down this idea for for us. Sure so bitcoins. Design is really to settle because a block has generated roughly every ten minutes but it is not necessarily ten minutes it it could be more. It could be an hour sometimes or sometimes even longer than that or could be three blocks and ten minutes and you can't really have a payments network. That is so unreliable. You can walk into a store. Buy Something for thousand dollars in you guys. Wait there until itself just doesn't work that way. At least. I don't know any stores that would do that. So you could could take us your confirmation Results has a confirmation than that is not secure. It could be spent so by design. BITCOIN is not payments. If it was payments it would be lightning right now. But it's not I guess it has to do a lot with the name of the white paper because the Toshitaka motive. I said you know Should appear electric cash and I think a lot of people have forgotten what cash means cash is a bear asset. If you have have cash in hand it's your cash and while buying a coffee with cash is easy. It's cheap been free I have like ten ten bucks in my pocket. I go and spend it and I didn't lose anything. There's friction sometimes people. Forget that if you wanted to move large quantities of money in cash it would actually be very very very difficult so if you wanted to move a hundred thousand dollars in cash. You'd need a backpack if you wanted to move a million dollars in cash it. Will you need an armored truck so it gets very unwieldy. The bigger it goes so bitcoin is our cash. It's a bad thing if you have bitcoin. It's your bitcoin and it is better than cash because it can be digitally transmitted but have that same property speaking kind of cash. Can you give us a comparison between sound hard money and easy Fiat money. Sure so I like to use goal arrison and it. It just makes it easier for people to understand because everyone knows what gold is in that gold is valuable a nice cat So gold is down the money because it cannot be printed out of thin air whereas fee currencies can be printed at will that's the definition of feet. which is you know from nothing but gold actually has to be mind needs to be processed and it needs to be secured so that is a large amount to why it is some money because it's not easy to get whereas fee it? It's easy to get and just because people don't understand what money is these days it's a Is Easy to manipulate too because they can inflate the supply a quantitative ease or repo or any number of tools to manage. And what are some metrics that you guys are using to track the success of the BITCOIN network. Well I don't think we lost your mark tracking the success of the bitcoin network uh-huh But there's a lot of metrics that you can look at. You can look at on chain transaction volume obviously you can look at the price You can look at the market depth across exchanges Let people get market CAP. But that's not really that meaningful market is a more interesting metric because it shows how much you can actually buy and sell in aggregate and I guess another metric could be transaction fees so every day. The bitcoin coin at work is paying minors Hundreds of thousands of dollars in transaction fees. And that shows it's healthy because eventually fees will need to replace the subsidy I would mix block stream so special. In addition to all that is there's actually several usable live products now or ninety nine percent of everyone else. In the CRYPTO industry might be working still on their very first one and one of the most important products that you guys put out recently is the liquid network. Can you tell us about what the liquid network is and why it's important so the liquid network is an inter exchange settlement network. It's a way to move money quickly. Mu Bitcoin quickly between Exchanges as well as token is assets. So we have A weight issue now sit in liquid. We're calling them. Issued assets or liquid assets. So you can have something like a stable coin such as a tether or Japanese yen stable coin which is being worked on by one of our partners as well as Canadian. Dollar coin Along with other tokens assets too. So you can. Also do security tokens antiquated. which would be controlled in certain ways through weightless and with permissions or a utility token which could be used to say replace a game currency which is also something being worked on by a company called but liquid? There's a lot of different things but what it ultimate ears is fast settlement and we have a lot of exchanges already integrated along with financial institutions OTC desks brokers and also companies. That just WANNA do Tokens as well but you can move. bitcoin quickly from exchange eighty so we just announced the bitsy announced yesterday they integrated so now you can move between biff next bitsy in two minutes which is great arbitrage opportunities or being able to take your funds off exchange in store them in a wallet so say blocks green which is our bitcoin wallet that supports liquid as well. So you can put money onto exchange ticket often you done trading and you don't have to worry about the third party risk. They have your money in their risk at that point You can move on quickly. So let's say you got a margin call To Bounce back then you can do so quickly without having to wait for bitcoins blocks to come out every ten minutes or so

Chief Strategy Officer Btc China Mcdonald Samson Bbc China Biff
"btc china" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

12:07 min | 2 years ago

"btc china" Discussed on Heartland Newsfeed Radio Network

"Like click it sets up the master note and then each day you earn x amount of divvy which is pretty cool you can check that out and also they're doing some stuff down Linda or actually in in in Latin America now called Redid v where they're going to be working on remittances are GonNa be working sort of as a bank down in Latin America so interesting stuff coming up so checking out divvy project the IV project dot org most excellent and we've got an interview for you now that Rachel Wolfson has done she got Bobby Lee who founded China's first crypto exchange. VTC and she's releasing this on her podcast. I which is the crypto check with Rachel Wolfson kind of like our sister show and we thought you know this interview is really good and they're all our stuff is really really good but we thought we would replay this one from her. Show on our show. Make sure you do download and subscribe to the Crypto Chick podcast but here's Rachel's interview with Bobby. Lee Okay so I'm here at Invest Asia Singapore and I'm very excited to announce. I Have Doug with me today. Bobby Lee thank you so much for joining the show today evolve hi Rachel. Thank you for having me yeah. It's a real pleasure and so so you're obviously very well known in the space but today you announce your second venture so maybe just tell our listeners a little bit about your background background then talk about the second venture that you released today at investigation so my background is I start going to Crypto in two thousand eleven so looking back that's quite early eight and a half years years ago got into bitcoin mining and then I got into full time that it come McCurry when I co-founded. BTC China so that was in two thousand thirteen thousand beat beat the China with two other guys and launched the very first bitcoin exchange in China and he naturally became at one point in the world's largest trading hall so that business had had its ups and downs unfortunately at the end of two thousand seventeen we had a close on our business due to a lack of licensing pressure from regulators subsequent to that interesting January two thousand eighteen we had a very successful acquisition offer from Hong Kong investment firms so that was sold in January two thousand eighteen and then base spent last year it just taking some time off giving speeches and theology do next then late last year that's when I came upon the idea that launch a new start up and then Kacem team of people together in January this year and launched this new company. We've created called Ballet Ballet. I love the name thank you yeah. A lot of people like it's great yeah and I love that it has that feminine tone very serious in the crypto community really appeals to someone like myself. Thank you so much. I thank you so much. I sure feedback that was the intention is to bring in more female more more women into the industry by into the into the ecosystem if you will I think the industry has been so far too many too many men to nine enough woman and of people of different background and so on so Bali is really meant to be a wallet solution for the whole world right. It's a global it's a global solution for everyday people of every background you don't require people have technical background age certain age Julie for people from nine to ninety nine years old of any background wherever they regardless of square from right. It's a really easy to use bitcoin wallet cryptocurrency Wallet Right well. I love love that and I think it's necessary because obviously one crypto mainstream yes gain adoption. How's it going to do that if we don't have solutions like this okay and I'm looking at it right now? The you have with you and it's amazing for all of our listeners. They can't see it but it's beautiful. Thank you thank you. This is like like a credit card. It is is credit card size made a status deal is really hefty sort of solid is meant to be designed to be built to last physical Wallin's physical physical hardware wallet. The key point is actually non electronical. There's no electronics in their non-electronic is the world's first non-electronic Wallet with multi-currency support so this way we have in front of you has a primary currency of Bitcoin so on there. There's a bitcoin address ready to go so when you buy the wallet this no setup you can literally lead by the wall and not bitcoin on it in the same moment without needing set up an account with ninety nine backup recovery nothing too complex to do by the walling low bitcoin coin so good to go and it sector has multi-currency setup start have you can then blown like point Easter all onto the same wallet right yeah so that's what's amazing about it it really the Bali name is meant to evoke a sense of simplicity and elegance simple elegant solution for the every day person yeah and it definitely looks like that it's simple and elegant and beautiful seven name Valet. I envisioned dancer. You know holding this amazing beautiful hardware while it so yeah I love it. We've made it into a physical object bitcoin writing that you can see they can touch you can feel the hint is you can even smell something. There's a really nice odor to it. Oh wow how it's amazing. I love this favorite thing is necessary because people like my parents and my grandparents and just a lot of the general population I mean we live in this bubble where everyone knows about it but but a lot of people don't and so I think that having a hardware hardware wallet that's not digital you saw the APP connected. You'll help people better understand. We talk a little bit about the APP that goes with yes they are. The most important part art is the you actually have control over private keys so the private keys are actually on this armor wallet behind the stickers we peel back the sticker and you have the private keys on here. Along with the decryption pass phrase so cure on does not give you access to the wallet as I make sense. The Front actually gives people deposit address but in order to move the points points to take the coins out on chain. You'd actually have access to the physical device itself appealing off the sticker and you see the private decryption match rates so the APP is what because it is a tool. It's accessory tool that allows you to do these complex transactions. If one day you WanNa send the coins coins me fear out to another address who I see so if you show you the APP yeah yeah. Definitely I wish our listeners it's yeah it's called Bali crypto. It's already on the APP store and Google play Android and essentially what we do is scan but on the bottom you just scan this wallet right and they immediately check blockchain. Let's see what is the balance on it so I have my bobby wallet has one thousand one hundred fifty seven Singapore dollars on today has been coined manage. You can have all all these other coins you can add because we have dozens of points support it and with more coming everything from a theory of extra cash like tether because we all the other exchange shave coins at your she twenty Tokens Cba pointed to everything you want. That's awesome I mean it looks super easy to use it. It's very elegantly designed and definitely seems to he's very user friendly. What about art? Do you plan to incorporate yacht onto this eventually because this could be like an all let me tell you the truth so this is a decentralized lies Wallet Solution Okay. It's a those wallet right this is we don't need as a company. Don't hold custody of refunds so unlike a charge card or gift. Pardon where the company Amazon Apple sells you gift cards. They actually managed gift card balance in this case. We don't manage balance we as a company the act gives gives you insight onto a Valentine card by looking at blockchain the public marching so when you have this wallet when you send your point Bitcoin theorem onto there you really have have the privacy you control it as seller found my company. We have no access to if you lose your wallet. We cannot help you. This also means that we cannot store. You're we call Fiat currencies so crunches are managed by banks to have accounts but we can do is store Fiat based stable think of US USCC Germany stable points based on the US dollar then more coming out every day they recently announced stable quality Chinese so these stable points can be stored here because they usually Erc twenty tokens okay so sustainable coins in crypto yacht not the true Fiat. I cannot store balance. Pay Pal Vendrell or Visa Visa Card so visa pays off and we pay alipay. We cannot have interoperatability bound we can do is stable coins okay and also just going back. It's the privacy and security aspect because obviously that's huge you mentioned today in your talk Asia that hat there's secure multinational manufacturing process rights in which two separate private key components are generated in two step process correct. Just allow yeah yeah I would call it. Nickname is two F. K. G. Two factor key generation wise is important because in the manufacturing process of these wallace where we pre gender and we actually pre generate your your address your bitcoin address but you do that. We always have to have the private cheap but I am acutely aware. If we generally the private heat in a single fashion action or employees manufacturing facility they can see the private keys and that's a ristic and steal the private keys and have access to future funds deposited to it to Percy the preceding engaged in a new standard. That's just an old standard that we innovated to use it this way. It's called the VIP thirty eight center. The VIP Thirtieth Saturn it allows for a two factor actor generation of them are private key with encryption Tass rings so these pieces it's a two of two multi factor sort of multi factor uh-huh unit where you need both pieces of information both private key that's as as decryption Wallet Pass Race so these two components are created it and made intuitive locations one in Las Vegas Nevada. USA and the other than Shanghai China the two data sets are created on offline computers. We we call Eric Apple computers. They're never commingling. They never come across. They never transfer on the only stay on their local hard drive and after we use it we delete the data in this way. I'm making this acoustic recuperating facility. We delete the data in China and then put the sticker on them card shipping altered in the United States for finding assembly where we laser etch you passed onto the bottom and cover that up with a scratch off and that data gets deleted so the wallet has traveled from China to the United Nine states and then we'll get chipped everywhere in the world wow it's me that long journey across the Pacific Ocean Yeah every wall we sell made in the USA having been travel that long journey from China Paschel how would keep it. They disappear so that way no one not even our employees have ever accessed to both pieces of information nation so that way I am very founder. I'm very confident that my users and my customers can safely use his wallet without their keys and data being compromised with other refunds being compromised. That's effort to Keiji okay to faculty generation by sort of multinational fee generation process right well well that makes sense and it's obviously a very secure mechanism. Yes I also. I'm wondering because I know people have told me that. This is a hardware. It's not not complete digital. It's it's it's what we call non-electronic Horror Wallet it provides the solution but itself is not digital okay right. Does that make sense perfect game what I'm trying to get at is I know a lot of people recommend not to store your crypto. All in one place have a hardware wallet. Maybe have some digitally like what's just for our listeners snow and also myself. I agree very much sophisticated investor regardless of how many bitcoins are you should try to diversify. Don't put all your eggs in one basket. Don't put your net wealth.

Bobby Lee US Rachel Wolfson China Latin America Fiat Bitcoin Doug Invest Asia Singapore Ballet Ballet BTC China Linda Bali Wallin Julie Singapore VIP
"btc china" Discussed on Unchained

Unchained

01:34 min | 3 years ago

"btc china" Discussed on Unchained

"My pleasure to be here by Nance seems to have come out of nowhere to become the world's top crypto to crypto exchange, but in a way it was actually years in the making. Describe how you learned about bitcoin started working in the space and eventually came in a launch by chance. So I I came across big wanting to thirteen, I think around September issue. That's when my friend Bobby league. He used to be the seal of BTC China. He introduced me to bitcoin and hazing invest around. Sao both of my fan of mine. I looked into it and then I went to a conference in Las Vegas. At the in December two, thirteen. And that's when I really after that conference, I quit my job gonna do this. So So the. the. What were you doing at that time? So it was only I was wondering I was running my other startup that have been with at that point for eight years. So six partners, the company still there. But I said, I want I actually wanna to run a big one exchange with a part of that startup, but the other partners would not interested. That's fine. I'm, I'm gonna. I know I was going to do a channel what we call bitcoin industry back then full time. So I just said, gonna leave, that's and that's startup was actually focused on doing trading software. Is that correct? Yes. What we call Oltra low latency trading oil. Yeah. And so at that point, I know you started working in this space. What were you doing and how did you eventually come to lunch finance? Yes. The previous started doing will providing.

Bobby league Nance BTC China Las Vegas eight years
"btc china" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

02:12 min | 3 years ago

"btc china" Discussed on Epicenter Bitcoin

"Does this epicenter episode two hundred and thirty five hundred guest junk poncho this episode of epicenter is brought to you by shape shifts i owe the easiest fastest and most secure way to swap your digital assets don't run a risk of leaving your funds centralized shane visit shape shift i o to get started hello and welcome to every senators show which talks about the technologies projects and startups driving centrist and the global blockchain revolution my name is brian faubion crane hetero baby have a very special guest on the show john punks how does he by nance so many of viewers and listeners probably have traded on by nance which is a crypt do crypto exchange and we'll talk to see as he's gone about his story and founding by nance howard grew and the challenges and opportunities for the future see welcome to the show hi guys very pleasure to be here so yeah tennis a bit about how you got to be involved in the blockchain space and how you entered the space sure i think that goes back to mid two thousand thirteen a friend of mine he's name is ron tile hate asked me to look into big coin and said it was kind of interesting and he also asked me to look into report at the same time so hasty institutional investor into btc china while the oldest exchanges actually recently stopped by operations so that's when i that's how i got into this that's how i got.

nance howard tennis btc china brian faubion john
"btc china" Discussed on Software Engineering Daily

Software Engineering Daily

02:13 min | 4 years ago

"btc china" Discussed on Software Engineering Daily

"So the tech giants in china do push back but because the chinese of being the change comes at no i have to get you to lend k bang with these key words this these terms so i think this is one of the struggles that they're going to have when these chinese tinge aliens come off china bitcoin we got i don't think uri is fully equipped to understand the political nuances within bitcoin the forecast and whatever else is going on in bitcoin right now but i'm sure you can understand the politics outside of bitcoin relative to bitcoin what kind of crack down its going on visavis bitcoin and how effective has it been why is the government doing that okay so i think there are three things is interesting because i've interview as the of you guess reason need to talk about bitcoin icy owes and block chain in china so uh two two bitcoin is china's involvement we bitcoin is has a big impact that will because beat mean produces seventy percent off all the bitcoin mining equipment into will on any out of the currency mining equipment at the most efficient debbie's in beijing pretty wellknown and then you have a tree big the cranks changes which is going to be shut now by the chinese government okay coin four p m btc china and then you also have new projects this i we see that you've off similar two lethem you probably have with you the smart contract will come based response of of all the ico 's which is new in quantum they also coming out from china so now what is actually happening in the cryptocurrencies piece in china is a little bit more nuanced than what pete how the media portrays it did what the media gets right is yes china ban ice yields agape but was the rationale banning axios a banning icu is because the chinese are looking for the the the chinese are looking for things to invest in.

china debbie ico bitcoin beijing chinese government seventy percent
"btc china" Discussed on Unchained

Unchained

01:49 min | 4 years ago

"btc china" Discussed on Unchained

"And in terms china as with many other countries in the early days in two thousand eleven two thousand thirteen it wasn't even on the radar is just as brand new sort of key thing on the internet pretending to be money when has no legal status so that was the that was the situation up through early two thousand thirteen and by the end the two thousand thirteen the pbs he got attention of the coin and that's when the first sort of regulatory inklings came out in in december essentially stated that big coin is actually a virtual good and thus so people are allowed to own it people are allowed to trade it in a websites are allowed to offer exchange services such as btc china btc however because it's only virtual good and not actually monetary instrument all existing financial institutions such as banks thirdparty payment companies insurance companies and so on they are not allowed to touch quite so that was the sort of edict ruling issued in december fifth of two thousand thirteen it's so for the loss for years for the last three now for years we've been running under that guideline so unfortunately the the people she still has not issued any new update to that ruling since december two thousand thirteen and again that earlier this year there were certain steps that they took i guess regulators talked to several the exchanges about i think it was maybe came by sea and i'll take things were which art knowyourcustomer antimoney laundering processes and maybe the fact that a rise were doing no fee trading what were some of the tax that you had with them.

btc china china insurance companies
"btc china" Discussed on Unchained

Unchained

01:58 min | 4 years ago

"btc china" Discussed on Unchained

"You're beef you see we are you we will consider full spectrum a big company we started as a btc china in early two thousand eleven as a very first exchange in china and now we have the honour of being the longest running exchange in the whole world we've been running for for close to six years now so besides offering exchange we also star offer wallace services at the end of two thousand thirteen and we got into the mining pull business in two thousand fourteen and then we also we launched physical coins business last year two thousand sixteen so we've done a variety of things in the to karachi space mostly focused on the point and say what is that even mean physical decline of physical coins is it is our btc meant business basically the idea of selling these tokens we the coins we made out of titanium and they contain the actual private key of account so as you know each between account is actually just protected by the private key and the addresses just derive from the public key of the private key so we embed the private key beneath a temporary evident hologram holographic sticker we stick that on the backside way titanium coined and that's the thing we sell is essentially hardware wallet it's a one time use horror wallet where people can put funds in the bit coin and then when they want the redeemer the repeal the sticker and then a just import the private key into a decline wallet of their choice to move the over to another address so these are very popular declined collectibles that we've been selling since last year l interesting his nineman.

btc china wallace karachi six years