BSTR – Beijing Sci-Tech Report which is China’s oldest media publication covering thetech ecosystem, hasproclaimed it would be now offeringsubscriptionspayablewith Bitcoin [BTC].
According to a recent news report by local media source ‘Guangming,’ stated that anobviouslyrareprevalencefrom China, were govt. pressure has forced crypto exchanges and ICO’s operators to halt activities over the past year, BSTR says itdesiresto pushblockchain and crypto use increasing its practical usability.
Adding further Guangming confirms that:
“BSTR Subscribers would be able topay theirsubscription fees tothe precisebitcoin receiving address of the newspaperto completetheir subscription.”
The product on offer isanannual subscription to the publication’s [Tech Life magazine],thatprices0.01 in Bitcoins [BTC] which is around $65 USD in fiat currency.
While Chinese authoritiesstillrestrainoncommerceand promotional operationsassociated withcryptocurrency, the crypto industry is still trying to sustain the existing ban in some how.
However atthetime of reporting, owning, trading and investing in digital currenciesis officially illegal.
Responding to queriesconcerningthe BSTRmove onsocial media, Chinese crypto news commentator ‘cnLedger’ underlinedthe very factthat byprovidinga subscription in Bitcoin [BTC], the publicationwasn’tbreaking the law.
“Owning and investing in digital currenciesisn’tprohibited,” it wrote.
Mentioning further he added:
“Otherwise CEO of Bitmain ‘Jihan Wu’ along with the CEO of Huobi ‘Leon Li’ would be amongthe primeonesto be fined. Thousands if not millions wouldhad been arrestedalready.”