First Bitcoin ATM Installed In China; Vindicates Exchange

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Mark Melin
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As BTC China installs its first bitcoin ATM and launches an online application allowing Chinese citizens to buy and sell the digital currency, the defiant words of the company’s founder, Bobby Lee, ring true. Lee said bitcoin wasn’t dead On March 21, ValueWalk reported on how Lee had strongly objected to the characterization that bitcoin was being banned in China.  Speaking with Betty Lu on Bloomberg TV in March, Lee, a smile pasted on his face, countered the common wisdom.  “China has not banned bitcoin.  I think there has been some mis-reporting in the media,” he said, pointing out that Chinese…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.