Bitkan CEO Discusses China, Bitcoin Cash, and the ‘K Site’


During the Satoshi’s Vision Conference in Tokyo, spoke with the CEO of Bitkan, Fang Yu, about the recent regulatory actions against cryptocurrency exchanges in China alongside her company’s new venture a vertical paid market called the Bitkan ‘K Site.’ The project will attempt to establish a decentralized media outlet that offers incentives to content creators, readers, and the sharing economy. Fang Yu explains that the K Site will also provide a native token called ‘KAN,’ a micro-blog, videos, articles, Q&A forums, and more. Also read: Massachusetts Censures Five ICO Crypto Startups in a Single Day Bitkan plans to launch the K Site around April 20th, and the token will be cross-funded and not sold as an initial coin offering (ICO). The project is backed by investors such as Bitmain, IDG, FBG, Huobi, and others. The Shenzhen-based company’s CEO Fang Yu believes that a free and equal community culture is needed online and one that is reward based. This way a community can reflect on the ecosystem’s actual business instead of a community built on artificial demand.         Bitkan’s CEO Fang Yu Discusses the Upcoming ‘K Site’ (BC): What happened last year with Bitkan’s OTC exchange? Fang Yu (FY): Last year as you must know the Chinese government released some regulatory guidelines towards ICOs, and also the officials shut down exchanges. But later on, some exchanges secretly were using another way to reopen their trade. At the time Bitkan was still a company registered in China, and we thought we should…
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