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Huobi, another online bitcoin trading platform, said it has contacted the central bank's related departments, hoping to help the bank draft a proposal to supervise bitcoin transactions and set up a legal payment channel for the virtual currency, said Huobi co-founder Du Jun. "We absolutely won't challenge the government, and we are willing to be a thinktank for the government," he said.
Insiders said that the central bank may approve of this suggestion as it wants to beat speculation on bitcoin, while on the other hand, the bank, once establishing a mechanism to control the currency's trading risks, can hold authority in the bitcoin world. For bitcoin platforms, compromise is the only choice for survival, the report said.
BTC China is feeling the squeeze. Before Dec. 16, it was the world's largest trading platform for bitcoin, but it lost the position in just one night. BTC China and Huobi have forged an alliance, hoping to set up a union by the end of December to discipline trading platforms themselves as a supplement to the central bank's supervision, Du said.
Insiders said that the central bank may approve of this suggestion as it wants to beat speculation on bitcoin, while on the other hand, the bank, once establishing a mechanism to control the currency's trading risks, can hold authority in the bitcoin world. For bitcoin platforms, compromise is the only choice for survival, the report said.
BTC China is feeling the squeeze. Before Dec. 16, it was the world's largest trading platform for bitcoin, but it lost the position in just one night. BTC China and Huobi have forged an alliance, hoping to set up a union by the end of December to discipline trading platforms themselves as a supplement to the central bank's supervision, Du said.