PBoC: Observes Crypto Exchanges

PBoC Observes Crypto Exchanges

People’s Bank of China has been in contact with the cryptocurrency exchanges. The bureaus from Shangai and Beijing were keen to know if the exchanges followed anti-money laundering and capital control regulations. PBoC has also asked for crypto exchanges data pertaining to trading volume and user information. Robin Zhu, an official of Huobi, stressed on crypto trade ban in China.

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