Tag: bitcoin regulation China

China State News Hints at Bitcoin Exchange Licensing, Resumed Crypto Trading

The Chinese government appears to be preparing for resumed cryptocurrency trading in the near future through the implementation of licensing programs and anti-money laundering (AML) systems. China state news agency Xinhua recently issued a statement denouncing cryptocurrency, labeling it a tool used by members of criminal organizations to facilitate illegal activities. The state-endorsed editorial piece by reporter Pan Ye advocates a “zero tolerance” approach to cryptocurrency-related crime, but includes a …
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Why China Isn’t Interested in Banning Bitcoin, Importance of Regulation

It seems as if the Chinese government is not interested in banning bitcoin after all. Last week, the bitcoin community saw an emergence of misleading headlines in the mainstream media that have largely impacted the price of bitcoin. Several media companies including BBC, Fortune and Japan’s Nikkei falsely reported that bitcoin exchanges including BTCC were raided. In reality, major Chinese bitcoin exchanges such as BTCC, Huobi and OKCoin have maintained …
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