An Alliance Forms Under China’s New Bitcoin Regulations

[jamie.redman1]

A big shift is happening in China concerning bitcoin trading. After the country’s central bank implemented new regulatory inspections and policies a lot has changed for Chinese bitcoin exchanges. According to regional sources, a meeting took place between two Chinese bitcoin exchanges and financial authorities on February 17 with intentions to form an alliance to address regulatory issues. Additionally, Chinese bitcoin traders are finding alternatives amidst the regulatory confusion and exchange policy changes.

The former vice-governor of the People’s Bank of China (PBOC) XL Wu and other Chinese financial authorities have recently met with representatives from several large chinese bitcoin exchanges to discuss compliance. The meeting at the Museum of Internet Finance saw representatives establish ways bitcoin exchanges can comply with Chinese regulations and form a regulatory partnership.

Read more here: https://news.bitcoin.com/alliance-forms ... gulations/