BTCChina Response to News Article On “Banning Bitcoin Exchanges”

We have received a large number of questions from customers following the publication of a news article by Caixin alleging that Chinese regulators would stop bitcoin trading.

Our response is as follows:

  • BTCChina operates in strict accordance with Chinese regulations. If the Caixin report is accurate, we will continue acting in strict accordance with regulators, and continue protecting the safety of customers’ funds.
  • The Caixin report says that regulators have not said bitcoin itself is illegal, and have not decided to prohibit private, one-on-one bitcoin transactions. If the report is accurate, BTCChina will stop all BTC/CNY trading, and change its business model to become an information service provider for private, one-on-one digital asset trading.

Many people regard digital assets, of which bitcoin is the embodiment, as the necessary result of recent advances in internet technology and the largest scale practical application of blockchain technology. In additional, bitcoin’s blockchain may have a far-reaching positive impact on the economy, becoming a foundational layer upon which other revolutionary software projects are based. We believe digital assets will have a far-reaching impact on the global economy.

BTCChina thanks you for your support, and will continue working to provide the best service for all customers.


Saturday, September 9th, 2017


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Long term care- must read it !!!!

Long Term CareDo you or your love ones have a plan for it? Long term care is a growing problem that families have to deal with and it is only getting worse with the growing number of retirees. Just think about it, if you have a take care of your parents or love ones while having a job and a family, it can be a huge burden trying to juggle and make everything work. You may have to quit your job but then if you do who is going to bring in that paycheck that you were bringing in. So LTC is or should be one of the major types of protection in planning for your future or for your aging parents. For most of us, LTC is not an issue of “what if” it will happen but rather when it will happen because we never know when something will happen. You can purchase LTC as a stand alone policy or as a rider in an insurance policy so take care of your LTC because you won’t want to be a burden to your loved ones.

Way to double your money with long term investment!!!

Do you know how long it takes for your money to double? There is a simple formula which is call the Rule of 72. You would take 72 divide it by the interest rate, this will tell you how many years it would take for your money to double. For example, let’s say you receive 1% of return from the bank; which in reality is way less than that but to keep it simple we will use 1%. So let’s say you have $1000 in the bank with the 1% of return (72 divide by 0.01 = 72). So for this example it will take 72 years for your money to double. I don’t know about you but I don’t have that long to wait for my money to double especially since I don’t have a lot in there. So one of the question I need to ask myself is, at this rate, will I have enough or will I ever be able to retire , be able to cover my LTC or LB if I need it. There are life insurance out there that have a guarantee of 0.75% and can index up to 15%, so look into it and decide where best to invest and save your money.

Permanent life insurance basic knowledge

Permanent life insurance policies remain in effect until the policy holder’s death, provided premium payments are met. Many permanent life insurance policies also add some type of savings plan that builds cash value over time.

5 Cool Things To Buy On Amazon

Found this really cool video, please watch, links to all the items you can find below….

Sesame Smart Lock. Your Key, Reinvented (Champagne Silver)

Mars by Crazybaby – World’s Only Auto Levitating Speaker with Subwoofer, Black

DJI Mavic Pro

Touchjet TP80WUS Pond Wireless Touchscreen Projector

Mass Fidelity Core 120W Portable Hi-Fi Wireless Speaker System in Black with Holographic Sound and iOS/Android Compatibility

Life insurance – term life basic knowledge.

One type of life insurance is term life. Term life is like a lease. It only covers during the term period of the insurance. Once the term coverage is over then it is gone. Term is the cheapest type of life insurance. You can buy it in 5 year increments. For example, you can buy a 5 year term, 10 year term, 15 year term, etc up to 30 years. Term life can be used to cover your LTC, LB, and of course death .

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