Leading Chinese Tech Magazine adds Payment option via Bitcoin to show “practicality” of Blockchain
China’s oldest media publication covering the tech industry, Beijing Sci-Tech Report (BSTR), made an announcement about that it’ll going to offer subscription payable through Bitcoin (BTC), reported Guangming, a local media outlet on September 30.
The decision is very important as China has a very tough stance on crypto exchanges and Initial Coin Offerings (ICO), it had a halt on all these operations for a year. BSTR also revealed its wish to promote crypto and blockchain use through “practical actions.”
Guangming report states, “[S]ubscribers can pay subscription fees to the specific bitcoin receiving address of the newspaper to complete the subscription.”
The offer is valid on an annual subscription of “Tech Life” magazine, which costs around 0.01 BTC.
Last August, China tightening its grip around cryptocurrency, clamp down all the trading and promotional activities related to digital currency by blocking overseas platforms access to them.
Although it’s not illegal to make investments and own cryptocurrency in China.
Giving out response to queries related to BSTR moves on social media, cnLedger, Chinese cryptocurrency news commentator mentioned the fact that by offering the option to subscribe via BTC, the publication is not jumping any law.
It said, “Owning and investing in crypto is not banned,” adding, “Otherwise Jihan (Wu, CEO) of Bitmain and Leon (Li, CEO) of Huobi would be among the first ones to get fined/caught. Thousands if not millions would have been arrested already (large amount of OTC tradings).”