Today, China's largest bitcoin trading platform, BTCC, was acquired by the Hong Kong blockchain investment fund. It is reported that in 2017, BTCC company dug up bitcoin worth nearly 900 million US dollars. Blockchain technology is a double-edged sword. It can be a lucrative interest, or it can be a fraudulent crime. The focus of the follow-up business is transferred to the US dollar spot.
BTCC (Bitcoin China, Bitcoin China), as the world's long-established bitcoin trading platform, is the first digital currency exchange in China and the largest one. On January 29, BTCC officially announced that it was acquired by the Hong Kong blockchain investment fund.
Li Qiyuan, founder of BTCC, said: "Today's acquisition is a milestone for BTCC, and it is also affirmation and reward for our work in recent years. The introduction of this resource will help BTCC to strengthen and develop positively from 2018. Business, I am very excited about this."
Previously, BTCC executives had revealed to the all-weather technology that "opening the exchange to manage money is more troublesome and unsafe."
In the past, BTCC focused on the operation of the digital asset trading platform, but the company announced that it will completely shift its business focus to the international market and its three main products - the BTCC pool "Guochi", Mobi digital asset wallet and USD spot trading. platform.
According to reports, the BTCC mine pool was launched in October 2014 and operated in PPS mode; Mobi is a digital asset wallet under BTCC, which currently supports the storage, conversion, transmission and reception of Bitcoin, Litecoin, Ethereum and Bitcoin; The BTCC USD transaction is a bitcoin/dollar trading service launched by BTCC.
BTCC mining poolAccording to the BTCC, in 2017, the company dug up bitcoin worth nearly $900 million.
Zhao Qianjie, senior vice president of the BTCC mining pool, said the acquisition will enable BTCC to realize the vision of global application of digital assets.
“We now have better resources to realize our vision of maintaining and stabilizing digital assets and blockchain networks. In the future, the BTCC pool will be committed to providing fairer, transparent, one-stop mining services to users around the world. ."
Mobi Digital Asset WalletBTCC said that the Mobi digital asset wallet was officially launched in March 2017 and currently has users from 183 countries.
Ma Shiyuan, vice president of BTCC Mobi, said the acquisition will enhance BTCC's competitiveness worldwide.
“Mobi is our global multi-currency wallet launched in March 2017. It is now available in more than 180 countries. The capital injection we have today is expected to lead the way in the payment and digital asset industries in all countries. The goal of market share."
In 2017, the US dollar spot trading platform created more than $25 billion in bitcoin trading volume.
Cai Minjie, vice president of the BTCC trading platform, said that BTCC will use its long-running experience in the bitcoin trading platform to provide users with more convenient and secure digital asset services in the future.
“BTCC has successfully operated a long-established and trustworthy bitcoin trading platform in the past seven years. We have gained a wealth of experience, expertise and customer feedback. This acquisition provides us with resources to enable us to use it more effectively. Our experience and expertise will provide users with more convenient digital asset services in the future."
Although he is engaged in digital asset-related transactions, Li Qiyuan holds a relatively conservative attitude toward blockchain technology and other cryptocurrencies. Recently, in an interview with the media, he said that he only looks for the four mainstream digital assets of Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Others are not interested in it and will not recommend others to invest.
In his eyes, blockchain technology is a double-edged sword that can bring huge benefits, and may also be used by some criminals to commit fraud.
“Like you have a steak knife, you can use it to cut steak, but if you have a criminal mentality, you can use it to stab people. For example, the Internet – you can use e-mail to communicate, but you can also Used to defraud crimes. There are two ways to use new technologies. The problem is not the technology itself, but how people use it."
However, for the future of BTCC, Li Qiyuan remains very optimistic:
“I am excited about the new chapter of BTCC's future – this acquisition will make us successful in 2018 and beyond. We will have access to new resources and a new group of experienced and talented executives will join the BTCC team. This will lead us to promote the development of all areas of the digital asset ecosystem, including mining pools, payment channels and trading platform operations."
Regulatory layer strengthens control of BitcoinIn September 2017, the seven central ministries and commissions of the People's Bank of China issued the "Announcement on Preventing the Risk of Subsidy Issuance Financing", saying that the financing of token issuance is essentially an unauthorized public financing, and should be stopped immediately. Any so-called token financing trading platform shall not engage in the exchange business between legal tender and tokens and “virtual currencyâ€. It may not be bought or sold or used as a central counterparty to buy or sell tokens or “virtual currencyâ€, and may not be token or “virtualâ€. Money provides services such as pricing and information brokering.
Subsequently, the country's three largest bitcoin exchanges, Firecoin, OKCoin and Bitcoin China, announced the closure of on-floor transactions.
On January 23, at the Davos Forum in the winter of 2018, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, also said that China would strengthen the control of Bitcoin:
One thing that is important to me is that the true value of each real institutional industry is still relevant to the real meaning of the economy. We can see that China's economy is very large. For China, Bitcoin trading is very important and needs to be strengthened because it is now trading very frequently.
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