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.

 

Related News

Flying around the world with aBitSky for Bitcoins

While bitcoin is still making its way into most retailers and merchants’ offerings, a number of travel and booking sites have made it one of their payment options quite a while ago.

Read-more

Binance Invests in Aussie Crypto Payment Startup to Avail the Crypto-Payments

According to the latest update, Binance has invested $2.5 Million in the fresh Australian Cryptocurrency payment startup, Travelbybit. Binance is

Read-more

Japan’s third largest utility company tests Lightning Network

Now that the Lightning Network, widely touted as a future game changer for Bitcoin, is in the final phase of beta testing, more and more companies

Read-more

The EFFECT Network – a NEO-powered platform for AI products

The Artificial Intelligence (AI) industry is highly promising and has a lot of potential, but few companies can enter the market due to the fact that

Read-more