New York’s BitLicense Proposal: The View from China
Prominent members of China's bitcoin ecosystem discuss the possible effects of proposed US regulations on the industry.
The majority of bitcoin transactions over the last 30 days came from yuan trades, it has been announced.
Following accusations that China's top exchanges were fractional-reserve businesses, OKCoin's audit shows it holds 104.86% of customer bitcoins.
Chinese exchanges and yuan trades now dominate bitcoin markets, as macro factors and fee structures pump up volumes.
The CEOs of China's three biggest bitcoin exchanges have sent a joint letter commenting on the BitLicense proposal.
Exchange BTC China has relaunched its iOS mobile exchange app, and has a wallet app awaiting approval.