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Offline santaclause102

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Chinese market
« on: March 02, 2015, 02:26:32 PM »

First, a great thanks to our fellow Chinese community members (Chinese forum community, investors and entrepreneurs)!

Here is an interview that is very much worth reading https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

The Chinese market especially the online retail market is tremendous and growing! http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Newsletters/China-360/Documents/China-360-Issue15-201401-E-commerce-in-China.pdf

A have a (hopefully) simple question: Is it legal in China to accept crypto currencies like Bitcoin / BitCNY as payment? 

Offline btswildpig

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Re: Chinese market
« Reply #1 on: March 02, 2015, 02:40:39 PM »
price with CNY , accept BitCNY it's ok .

price with BitCNY , accept BitCNY , not ok .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline cass

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Re: Chinese market
« Reply #2 on: March 02, 2015, 02:45:28 PM »
price with CNY , accept BitCNY it's ok .

price with BitCNY , accept BitCNY , not ok .

ok but this is good isn't it ? :)
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Offline xeroc

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Re: Chinese market
« Reply #3 on: March 02, 2015, 02:49:01 PM »
price with CNY , accept BitCNY it's ok .

price with BitCNY , accept BitCNY , not ok .

ok but this is good isn't it ? :)
Yhea .. thats the whole point of having a pegged asset ..

+5%

Btw .. its the same legally as in germany .. prices have to be denoted by EUR but you can accept CC
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Offline roland

Re: Chinese market
« Reply #4 on: March 16, 2015, 10:47:01 AM »
First, a great thanks to our fellow Chinese community members (Chinese forum community, investors and entrepreneurs)!

Here is an interview that is very much worth reading https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

The Chinese market especially the online retail market is tremendous and growing! http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Newsletters/China-360/Documents/China-360-Issue15-201401-E-commerce-in-China.pdf

A have a (hopefully) simple question: Is it legal in China to accept crypto currencies like Bitcoin / BitCNY as payment?

Glad to get your attention to my interview:)

Wildpig is right that the customer can pay cryptocurrency in China while the price should be denominated in CNY.  To be frank, price in China can't even be denominated in US$ because US$ is not the fiat of China (however the customer can pay US$ in private to settle his obligation, likewise, so long as the seller feels happy).

 

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