Bitcoin China announced the acquisition of the business center will be transferred to the international market

BTCC formerly known as BTC China, was founded in 2011 by Kai-Yuan Li, the terms of the sale of the company has not yet been open. BTCC announced that it will shift its business focus to the international market and its three major products, the "National Pool" of BTCC Pool, the Mobi Digital Asset Wallet and the USD Spot Trading Platform from BTCC. They are respectively provided by Zhao Qianjie, Senior Vice President of BTCC Pool, BTCC Ma Shi Yuan, vice president of Mobi, and Cai Minjie, vice president of the BTCC trading platform.

"We now have better resources to realize our vision of maintaining and stabilizing digital assets and blockchain networks," said Zhao Qianjie, senior vice president of BTCC Pool, "In the future, the BTCC pool will be dedicated to providing global users Provide more fair, transparent, one-stop mining services. "

Reported earlier this month, China stepped up its crackdown on encrypted currency transactions. People familiar with the matter told Bloomberg China plans to crack down on off-market focused trading of virtual currencies, including bitcoin, against Web sites and mobile apps that offer services similar to those of exchanges. It is learned that last year China began to take measures against this market by first banning the first tokens issue and then ordering the domestic exchanges to stop encrypting the currency transactions.

"Today's acquisition represents a milestone for BTCC and affirms and rewards our performance in recent years," said Li Qiyuan, co-founder of BTCC. "The introduction of this resource will help BTCC to strengthen its position from 2018 I am very excited about the positive development of our business. "