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September 25, 2017, 08:22:10 AM |
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On Sept 22, vice president of the PBOC Yi Gang noted on Financial Inclusion Summit that “The licensing scheme is applicable to all financial activities.” Bitcoiners post his words here and there and interpret that bitcoin exchanges are able to operate with a special licence.
But a famous financial commentator Xiao Lei holds a different opinion on it.
“At the moment, I don’t think the Chinese government will offer a new licence to bitcoin exchanges. In the Chinese financial markets, only Alipay and several other third-party payment platforms hold an operator’s licence.”
As tough regulations are imposed on bitcoin exchanges, the community are concerned that closing bitcoin mining farms or OTC trading will be regulators’ next move.
In this regard, an insider reveals that no plan so far to ban bitcoin mining. But he adds that there will be some restraints on capital flows for bitcoiners to trade on overseas exchanges.
Now Shanghai regulatory agencies have asked politely that executives of exchanges and ICO platforms to stay in place as a way of making sure the closure and refund is processed smoothly.
http[Suspicious link removed]cutives-are-asked-to-stay-in-place
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