The number of bitcoin adverts appearing in major newspapers is growing as the United States steps up its efforts to impose financial sanctions on foreign government officials and companies, cutting them off from the US dollar global payment system.
Most cryptocurrencies, including bitcoin, operate under a public computer network that is designed to exist outside the control of a central authority, becoming an alternative payment system to traditional banking.
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Translated, the first Chinese sentence reads: “Banks, it’s not you ditching me today. It’s me ditching you.”” data-reactid=”16″The bitcoin ad in Apple Daily was in Chinese and English. The first English sentence featured across the top section of the page says, “Bitcoin will never ditch you”, accompanied by an artistic signature representation of Satoshi Nakamoto, the pseudonym behind bitcoin’s creation. Translated, the first Chinese sentence reads: “Banks, it’s not you ditching me today. It’s me ditching you.”
The advert continues in Chinese at the bottom of the page, saying, “Bitcoin is a decentralised, digital currency invented by Satoshi Nakamoto after the financial crisis. On January 3, 2009, bitcoin created the first blockchain, the genesis block. Even though a lot of people remain dismissive of it, it has proven its value time and time again.”
“Making a transaction on the bitcoin network does not require you to pass through a bank, electronic payment platform or a third-party entity. Anybody can make a transaction with it, without any interference,” the advert says. “No matter why you may be prohibited from using banking services, or wish to enjoy finances that are not under the surveillance or restrictions of a third party, we welcome you to join our big, bitcoin family.”
in pro-democracy media critical of Beijing.” data-reactid=”20″The bitcoin advert in Apple Daily is a sharp contrast with the charge that China is increasingly using its strength to influence the behaviour of global financial institutions in pro-democracy media critical of Beijing.
Media firm executives say HSBC has frozen their bank, credit card accounts” data-reactid=”21″Media firm executives say HSBC has frozen their bank, credit card accounts
national security law for Hong Kong, local tycoon Jimmy Lai Chee-ying, the founder of Apple Daily, was arrested earlier this month on suspicion of violating the controversial legislation. Lai was released on bail within 48 hours. There was also an arrest warrant out for Simon, an American citizen who was not in Hong Kong at the time.” data-reactid=”24″In the wake of Beijing’s implementation of the national security law for Hong Kong, local tycoon Jimmy Lai Chee-ying, the founder of Apple Daily, was arrested earlier this month on suspicion of violating the controversial legislation. Lai was released on bail within 48 hours. There was also an arrest warrant out for Simon, an American citizen who was not in Hong Kong at the time.
sanctioned 11 officials from Hong Kong and the mainland for undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of residents in the city.” data-reactid=”25″On August…
Read More: Bitcoin ads bash banks as fears mount over sanctions restricting access to US