Bitcoin braces for possible long wait to be regulated in China

It may take at least two more years before bitcoin becomes regulated in China.

That was the estimated given by Bobby Lee, founder and chief executive officer of digital currency exchange BTC China, which, if you recall, was recently called on by the People’s Bank of China (PBoC)—the central bank—to explain how the trading platforms work.

Lee, however, told Reuters that contrary to reports, the PBoC did not pressure them to curb the exit of Chinese capital through digital currency.

“No. Not as of yet… Nothing verbal or written to us,” the BTC China executive told the news agency.