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eCounsel group

A boutique firm with unparalleled expertise in business and technology. We have good command of industrial ecology and legal practice, and have undertaken highly regarded cases. Because the small business scope, we pay more emphasis on effectiveness and efficiency, and choose clients with deliberation. The managing partner not only has extensive experiences in various legal issues more over than 20 years, but invests and manages several technology companies. In addition, he always checks each case rigorously. Clients’ business objectives are our primary focus. To achieve the same in the most cost-effective fashion trumps all seemingly sophisticated legal discussions.

China's recent clampdown on Bitcoin: "Laws can't keep pace with technology"

2017 - 09 - 22

Bitcoin prices fell significantly after China’s BTCC announced its closure of operations come September 30.

The announcement shows China’s latest attempt to impose control over the stateless currency within the nation.

“Laws can’t keep pace with technology” is a common saying used both politically and culturally. We believe that the two disciplines are too distinctive to be put into the same context.

China’s incredible and rapid fintech development within a rather short period of time shall not be shadowed or overlooked due to one incident with Bitcoin.

Source:  “Bitcoin Losses Worsen as Chinese Exchange Closes” – WSJ

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