Cryptocurrency Makes its way in Tech Publication in China

As per the Sci-Tech report (BSTR), the finest and the most trusted tech-publication of China has officially announced that they are soon going start accepting the bitcoin on their platform. It has been assumed that at the beginning of the year 2019, BSTR will soon sell their subscription in exchange of 0.01 BTC that is approximately equal to $65 (USD).

What is the complete report?

This news is undoubtedly one of the great news for the crypto-enthusiasts in China, however, the timings of this announcement are bit inappropriate. This announcement has been made in the time when the Chinese government has become a bit stricter towards the cryptocurrency industry.

It was back in September when the Chinese government banned the individual investors in China from investing or trading in cryptocurrencies on both crypto-exchange platform and OTC that is Over the counter platform.

This is the reason why the announcement from BSTR was so surprising as in contrary to what the government is suggesting, this announcement reveals that crypto-industry might still remain active even after the ban implemented by the local government.

IS BSTR, China Serious about the acceptance of bitcoin?

Although the local government of China has been pushing hard on the cryptocurrency industry to ban it, the companies around China have been trying to fight the ban. Similar to what a CNLedger reported that a Hotel in China has started to accept the cryptocurrency (Ethereum) as their payment, BSTR has also announced that from the beginning of the year 2019, they will start accepting bitcoin for their subscription.

China has been trying to put cryptocurrency under regulation, back in September China announced a ban on the cryptocurrency and since then the crypto-based companies and businesses have been trying to push over the rule. The BSTR is one such company who has made the announcement that they are going to accept cryptocurrency as their subscription payment mode.

As per the Sci-Tech report (BSTR), the finest and the most trusted tech-publication of China has officially announced that they are soon going start accepting the bitcoin on their platform. It has been assumed that at the beginning of the year 2019, BSTR will soon sell their subscription in exchange of 0.01 BTC that is approximately equal to $65 (USD).

What is the complete report?

This news is undoubtedly one of the great news for the crypto-enthusiasts in China, however, the timings of this announcement are bit inappropriate. This announcement has been made in the time when the Chinese government has become a bit stricter towards the cryptocurrency industry.

It was back in September when the Chinese government banned the individual investors in China from investing or trading in cryptocurrencies on both crypto-exchange platform and OTC that is Over the counter platform.

This is the reason why the announcement from BSTR was so surprising as in contrary to what the government is suggesting, this announcement reveals that crypto-industry might still remain active even after the ban implemented by the local government.

IS BSTR, China Serious about the acceptance of bitcoin?

Although the local government of China has been pushing hard on the cryptocurrency industry to ban it, the companies around China have been trying to fight the ban. Similar to what a CNLedger reported that a Hotel in China has started to accept the cryptocurrency (Ethereum) as their payment, BSTR has also announced that from the beginning of the year 2019, they will start accepting bitcoin for their subscription.

China has been trying to put cryptocurrency under regulation, back in September China announced a ban on the cryptocurrency and since then the crypto-based companies and businesses have been trying to push over the rule. The BSTR is one such company who has made the announcement that they are going to accept cryptocurrency as their subscription payment mode.

 

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