A Chinese Congresswoman’s suggestion that the Central bank of China regulate Bitcoin trading pushed CoinIdol.com to talk about the problem of Bitcoin AML with experts in different countries around the world.It is known as Bitcoin Anti-Money Laundering (AML), a technique used to stop people converting illegally obtained funds, to appear as though they have been earned legally. AML mechanisms can be either legal or technical in nature. AML techniques have been applied to Bitcoin exchanges. Does the world of Bitcoin exchanges need new regulation? Should national central banks regulate this field? On March 9th, Wu Xiaolin, former deputy governor of the People’s Bank Of China and a congresswoman for National People’s Congress told a reporter that the Central Bank should be responsible for Bitcoin trading platforms. Is this the right attitude to Bitcoin?
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