19 Mar '17, 12pm

Chinese Regulators Propose Rules for Bitcoin Exchanges: Report

Twitter Linkedin Facebook Reddit Weibo The People’s Bank of China (PBOC ) has proposed revisions to its anti-money laundering (AML) requirements for bitcoin exchanges, according to Zhou Xuedong, director of the National People’s Congress and the bank’s department of business administration, according to Finance New Media . Despite recent actions with virtual currency exchanges, the central bank has not laid out any clear set of regulations upon the bitcoin industry in the country. // Let us help you become financially independent. Read exclusive stories, bitcoin analysis and tutorials. Use the coupon code "CCN" and get $10 off. Join Hacked.com now. // Xuedong has called for China to look at regulatory efforts toward bitcoin internationally to establish a regulatory mechanism for the industry. KYC Requirements Needed Under the rules established in 2013, there are no know yo...

Full article: https://www.cryptocoinsnews.com/chinas-central-bank-seeks...

Tweets

Report: Chinese Regulators Discuss Draft Rules With Bitcoin Exchanges

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BEIJING—China’s central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enac...

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