Published On: Fri, Jan 5th, 2018

Could China Learn to Love Crypto Again?

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Even though China is one of the countries spearheading the fight against decentralized cryptocurrencies, previous BTCC CEO, Bobby Lee, is hopeful that the country will eventually become more accepting of the industry.
Think ‘Bitcoin banning’, and your mind probably goes directly to China. The country has been vocal in its disdain for the cryptocurrency industry. In proving that its bite is indeed worse than its bark, it banned ICOs and closed down Bitcoin exchanges.
High Hopes of China Changing Its Stance
One such platform, BTCC, was the country’s longest-running Bitcoin exchange, and one of the first to find itself in the firing line. However, according to CNBC, the CEO and co-founder of the platform, Bobby Lee, believes that China will change its mind and veto its previous crypto bans.
He had this to say:
In this world, nothing is ever permanent. One day I think it’s possible they’ll lift the ban, so called, and they might reinstitute it and license it.
Even though Lee remains positive in his outlook, he doesn’t have a date as to when this might happen:
Frankly speaking, I don’t know what kind of …

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