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  • October 2, 2014
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  1. News - Hong Kong - VIRTUAL CURRENCY

    Bitcoin exchanges have struggled to survive on mainland

    Posted Jun 24th 2014, 04:01pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Bitcoin exchanges on the mainland have short lives The average lifespan of mainland-based virtual currency businesses is just nine months, indicating Beijing's success in limiting financial activity outside the official banking system. A dozen Chinese bitcoin exchanges have gone bankrupt or shut down in the past 12 months as they have struggled ...

  2. News - Hong Kong - VIRTUAL CURRENCY

    Li Ka-shing boosts bitcoin investments amid currency crackdown in China

    Posted May 14th 2014, 06:38pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions ...

  3. News - China - VIRTUAL CURRENCY

    Hundreds attend China's first bitcoin summit, defying Beijing's warning

    Posted May 11th 2014, 05:25am by DANNY LEE

    ... Danny Lee in Beijing danny.lee@scmp.com China bitcoin summit defies Beijing Several hundred people defied the central government's bitcoin crackdown by attending China's first ... of digital currencies in the mainland. "Thailand has already banned bitcoin, so has Russia. But who cares if China bans it as long as everyone knows the whole world can't ban it," Li ...

  4. Business - Banking & Finance - VIRTUAL CURRENCY

    Chinese bitcoin firms plan to go offshore to sidestep crackdown

    Posted May 12th 2014, 11:42am by DANNY LEE

    ... Danny Lee in Beijing danny.lee@scmp.com Digital currency firms plan relocation and offshore banking to avoid mainland crackdown Bitcoin traders will go overseas to sidestep rules Chinese bitcoin businesses are drafting plans to escape the mainland crackdown on the digital currency, the South China Morning Post has learned. China's biggest bitcoin exchange, Huobi, ...

  5. Business - Banking & Finance - VIRTUAL CURRENCY

    Hong Kong entrepreneurs could win a slice of the bitcoin pie

    Posted Nov 17th 2013, 05:03am by DANNY LEE

    ... on bitcoins puts HK in frame An influential digital currency evangelist says Hong Kong can grab a huge slice of the controversial multibillion-dollar bitcoin industry as US hostility towards virtual money increases. Roger Ver, 34, a bitcoin millionaire, told the South China Morning Post that efforts to disrupt the digital currency money market would be futile. "It's not stoppable. ...

  6. Business - Banking & Finance - VIRTUAL CURRENCY

    Chinese e-commerce giant Taobao bans bitcoin

    Posted Jan 08th 2014, 03:50pm by Angela Meng and Danny Lee

    ... Angela Meng and Danny Lee Mainland's largest online marketplace cites new government regulations for digital currency ban Bitcoin banned by Taobao after Beijing tightens rules Taobao, China's largest e-commerce platform, yesterday banned cryptocurrency bitcoin, the mining software and related materials, citing new government regulations. The mainland giant said: "In ...



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