2013-12-05 Business Week: Chinese Bitcoin Regulations After Investor Loss

[bryant.coleman]

http://www.businessweek.com/news/2013-12-05/china-said-to-consider-bitcoin-regulations-after-investor-losses

China is considering requiring Bitcoin exchanges to disclose large transactions and confirm the identity of users after investors lost money through a fake platform, two people with direct knowledge of the matter said.

A lot of people lost their money when the GBL scammers vanished in thin air with all the BTCs. BW thinks that this incident prompted the new Chinese regulations.