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Title: [2018-03-01] China's Latest Move Towards Bitcoin & Review of its Tough Stance Post by: lylian on March 01, 2018, 10:08:56 AM Mar 1, 2018-China’s internet watchdog under police force is reportedly keeping close eye on offshore cryptocurrency trading platforms, to prevent potential risks in money laundering, pyramid schemes and finance fraud, according to Yicai (a Chinese finance news outlet).
The report said, Chinese regulators have noticed that domestic enterprises or individuals circumvent the surveillance on crypto trading by deploying servers abroad or getting registered offshore. Responding to it, Chinese regulators are undertaking strict scrutiny on the domestic bank account and online payment account of these people who help Chinese traders to participate in offshore crypto trading. It indicates the latest move that signals Chinese regulators at the top are active in scrutinizing crypto trading and give priority to this issue full of risk and speculation... A quick review of Beijing’s tough stance on quashing the crypto market Last September, following the ICO (initial coin offerings) ban... http://news.8btc.com/china-watchdog-is-closely-monitoring-overseas-crypto-exchanges-review-of-chinas-tough-stance |