China's new bitcoin rules call for identity check
- China's central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations.
Recent scrutiny by the central bank has already led exchanges to impose trading fees and suspend withdrawals of bitcoin from their platforms. Chinese investors have fled the market.
The people said officials could still revise the guidelines, which were given to exchanges in recent days.(Excerpt) Read more at: marketwatch.com ...
- Photo credit(s): wsj.com