PBOC Will Not Release Regulations for Chinese Bitcoin Exchanges Anytime SoonLocal Chinese publications reported last month that the People’s Bank of China (PBOC) will issue regulatory guidelines for Chinese bitcoin exchanges in June. However, last week, the bank reportedly dispelled the rumor and confirmed that no bitcoin regulations will be released this month.No PBOC Bitcoin Regulations in June
In May, Caixin reported that the PBOC was expected to issue new regulatory guidelines for Chinese bitcoin exchanges in June. This would cover a list of requirements including anti-money laundering (AML) as well as how funds are managed.
However, 8btc reported this week that Sun Hui, vice president of the PBOC Shanghai Head Office, revealed at the news conference held by the Information Office of Shanghai Municipal Government that:
"No bitcoin trading regulations will be released in June."
In addition, insiders at Huobi, Btcc, and Okcoin told the publication that they have not received any new regulatory documents.
Keep reading
https://news.bitcoin.com/pboc-regulations-chinese-bitcoin-exchanges/
