Published On: Thu, Feb 8th, 2018

Silence Of The Lambos? China Offers Luxury Cars For Crypto Despite Trade Ban

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Continuing evidence of Bitcoin acceptance is fueling confusion about the true nature of the China cryptocurrency ban.
Supercars On Sale For Bitcoin
As major corporations make daring inroads to broadening acceptance this month despite a government pledge to end trading, smaller-scale endeavors are filtering through to western media.
Thursday specifically saw Twitter-based news resource cnLedger reproduce photographs of a Chinese luxury car dealer in the city of Shenzhen which appear to show models on sale for cryptocurrency.
The McLaren P1 and Ferrari 488, F12 and F430 are on offer for Bitcoin, Bitcoin Cash and Ether in addition to yuan. The content was originally posted to popular microblogging site Weibo.
“Next time people tell you bitcoin is banned in China, show him this pic,” the account commented.

Next time people tell you bitcoin is banned in China, show him this pic.
— cnLedger (@cnLedger) February 8, 2018

A Tale Of Two Realities
2018 has become a curious month for regulation from Beijing. Announcements of a withdrawal from the Bitcoin mining market were coupled with a declaration that even over-the-counter and foreign exchanges would face a crackdown.
At the same time, last week saw internet mobile giant Cheetah …

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