30 Jan '14, 4pm

BTC China Accepting Bank Deposits Again

BTC China Accepting Bank Deposits Again

Prominent Chinese bitcoin exchange BTC China is now accepting customer deposits via its corporate bank account, plus offering small prizes to its customers. Bobby Lee, CEO of the exchange, confirmed that customers can now buy bitcoins from the exchange by depositing their funds directly into the company’s account. “Previously, we judged doing this as not being viable, however, we have since changed our stance. We looked again at the guidance issued in December and we think it’s a reasonable for us to accept customer deposits via our corporate bank account,” said Lee. He went on to say BTC China now believes the main message in the memo issued by the People’s Bank of China (PBOC) on 5th December was that banks in the country aren’t allowed to set up or become a bitcoin business. The memo stated that people in China are permitted to buy and sell bitcoins and stressed that th...

Full article: http://www.coindesk.com/btc-china-accepting-bank-deposits/

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