On March 13 the PBOC director of business management, Zhou Xuedong explained some of the reasons behind the recent regulatory inspections of bitcoin exchanges and emphasized how trading platforms are to proceed with their activities in the future.
"If it (trading platform/website) is called an exchange, it is not allowed unless a relevant department of our country permits it. Many people regard bitcoin online trading platforms as exchanges. These are actually two different concepts," explained Zhou Xuedong.
Read More Here: https://news.bitcoin.com/chinese-centra ... exchanges/
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