国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Technology

Bitcoin could be 'game changer' for investment

By Lyu Chang (China Daily) Updated: 2014-06-25 07:02

Bitcoin, a virtual currency, may be a game changer for overseas investment as many Chinese are using it to snap up properties in Europe, insiders said.

But legal experts warned of a bubble about to burst due to a lack of confidence in the digital currency and further regulations.

"It is definitely a trend, because I don't see why people can't do it, since it is an easier and quicker way to invest overseas," said Bobby Lee, chief executive officer and co-founder of BTC China, one of the world's largest bitcoin exchanges, on Tuesday.

Lee made his comments during an inside bitcoin conference in Hong Kong.

"It is not considered a currency, so basically it is not restricted by the government's foreign exchange policy," he said.

The Hong Kong-based Fu Shengi, a firm that provides investment and financing services, said that it's helping people investing in the whole industrial chain related to bitcoins, including those wanting to purchase houses in Europe.

"As long as people in foreign countries are willing to accept bitcoins, we can help get the deal done," he said, adding that China could be a huge market as well because of strict capital controls.

Chinese regulators have sought to discourage investment in bitcoins by closing off any currency-related services such as trading, clearing or settlement. However, people may keep trading on the Internet using bitcoins if they're otherwise in compliance with the rules, according to the People's Bank of China.

While bitcoins can be used to circumvent capital controls, legal experts warned of higher risks of further regulation and fluctuations in value.

Zennon Kapron, a Shanghai-based expert on the topic, said that as good as it may seem, the attractiveness of using bitcoins to skirt capital controls falls after taking into account potential transaction fees that start at 2 percent.

Bitcoin could be 'game changer' for investment Bitcoin could be 'game changer' for investment
China becomes largest Bitcoin market 

Bitcoin rollercoaster hits China, challenging supervision 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
师宗县| 阿坝| 三门县| 襄樊市| 龙门县| 永兴县| 昌邑市| 南昌县| 五台县| 巴马| 绵竹市| 松滋市| 定襄县| 手机| 南川市| 安达市| 牟定县| 泰安市| 屏东市| 大悟县| 凤山市| 永川市| 吉安县| 都兰县| 东宁县| 江北区| 南宫市| 延津县| 花莲市| 高淳县| 赤水市| 平谷区| 茌平县| 德昌县| 天气| 宁国市| 名山县| 阿拉善左旗| 平陆县| 濮阳市| 得荣县|