Home News Chinese oldest science and technology magazine will start accepting bitcoins

Chinese oldest science and technology magazine will start accepting bitcoins

Beijing Sci-Tech Report (BSTR), China’s most established science and technology magazine, announced that they are planning to accept BTC as a payment method for the subscriptions for 2019.

On September 30, most seasoned publication of Beijing, Sci-Tech Report (BSTR) otherwise called “Technology life”, has declared in an official statement that they would acknowledge Bitcoin for the 2019 membership plan of the magazine. In doing so, they turn into the first media in Beijing which acknowledges bitcoins.

In an announcement issued by the publication, they are making this move to enable individuals to embrace Bitcoin. Also, the reason for the new technique for membership is to grow the association’s scope to draw in new perusers of the magazine. Service provided in cryptocurrency could be sufficient to urge digital money fans and holders to support the firm’s service.

The cost of the subscription will be 0.01 BTC or 450 yuan, and subscribers can pay the membership fee at the address given on the specific quotation of the newsletter to complete the subscription. The BSTR said that if the cost of Bitcoin has expanded fundamentally by 2020, then it will provide refunds to the individuals who have subscribed in utilizing Bitcoin.

It is worth noting, however, that the declaration of Beijing Sci-Tech Report to fuse Bitcoin into its platform lands in a period in which digital currency trading and use in China remain entirely prohibited. Thus, the government’s ban on digital currency makes the BSTR decision illegal. Yet, at the same time, nobody knows the government’s decision on the publication’s latest announcement.

This news was provided by Crypto News India, our partnering media source in India.