nothing to do with insolvency, they invent this shit themselves with illusion that Chinese government will treat them as good boy, but no one cares. Most exchanges just accept deposit through banking account directly.
That's possible but too simple, IMHO. I don't think they think this invention or the effect of it would be even noticed by the government.
just switch to Huobi, waste of time to deal with BTCChina, their days are gone; You won't expect any startup to be run by a foreigner to be successful in China, they are just too off the ground, you know what i mean.
No I don't. I thought Bobby Lee remained a Chinese citizen (is him?) Even if he joined other nationality, his TV presence is pretty Chinese, as Chinese as the "you know what i mean" catchword:) (TO NON CHINESE READERS: 'you know what I mean' （亲，你懂的） is a typical way of ending a post in China)
check it out yourselves, his brother is the inventor of Litecoin; he is a ABC who spent most of his life in the States before returning to China, I don't think he really knows anything about China,literally grass-root China; he runs BTCChina like running a multinational corporate, western mentality, always be proactive in terms of being compliant of laws and regulations, no company will be able to survive in China if you are fully compliant and follow whatever the gov asks let alone to be proactively compliant, give me a break, they are not going anywhere; just think of Ebay and Alibaba, despite Ebay's early mover advantage, it is Alibaba that dominates the Central Kingdom, eventually.