Sheng Songcheng doubts if bitcoin can become a means of exchange that could meet modern economic development needs.
BTCC becomes the first Chinese cryptocurrency exchange to integrate Ethereum Classic and offer support for ETC traders.
Bitcoin has recently been the focus of media and investors attention as both a long-term safe haven asset and digital currency.
The People’s Bank of China explained that it would begin blacklisting exchanges that would continue violating the regulations.
Chinese exchanges suspend withdrawals of virtual currency while the country’s central bank increases pressure on bitcoin companies to stem capital outflows.
China’s central bank on Wednesday announced that it will try to issue digital currencies ‘as soon as possible’ to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply.
In its last publication the Cyberspace Administration of China claims we have entered the “post-Bitcoin era”.