A Regulatory Storm Is Forming in China: Video Verifications Required, Futures Forbidden

[jamie.redman1]

Some new revelations have been coming from China concerning the recent bitcoin exchange policies within the region. The leading exchange BTCC has revealed it will be offering zero fees for USD/BTC trades for one month. Meanwhile, Chinese exchanges are beginning to lift withdrawal suspensions but are asking for further customer identification.

Throughout the new year, the People’s Bank of China (PBOC) have been enforcing new regulatory rules across the Chinese bitcoin exchange industry. China’s top exchanges have added fees to trades, removed future options, and a few exchanges suspended BTC withdrawals. Just recently BTCC has announced its USD bitcoin exchange promotion offering zero fees until March 31. The company’s move may be a reaction to try and stimulate more trading as BTCChina trades will still implement fees.

Read More Here: https://news.bitcoin.com/a-regulatory-s ... forbidden/