As stipulated by the new rules, an individual can only have one Type-I account with a particular bank. For those who already have a Type-I account with a bank, they can only open Type-II or Type-III accounts with that bank.
I didn't get what is the problem if you can open a type I account in another bank since it isn't specified in the law? You don't have the right to open a type I in the same bank only, no?
Bitcoin is implemented in this article as a competitor of Alipay... Well if Alibaba adopt bitcoin we will see a huge boost in the price and in the transactions otherwise I don't see a link in this article. Am I wrong?