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Category Archives: Regulation

No real breakthrough in 3 core blockchain technology

Mar 24, 2017


"From my observation, China's blockchain research and development is still in its early stage. Not only in China, even in the world, there are no real breakthrough in terms of the core technology of blockchain." Li Lihui said on Boao Forum on 24th March as per a local report. Li, ex-...

Huobi Begin to require stricter AML procedures for users.

Mar 24, 2017


Recently, One of the leading Chinese bitcoin exchange, has sent a notification to  some of its users to inform them of a set of new Anti-Money-Laundry(AML) requirements. Regarding to Huobi’s new policy, Huobi users with potential money laundry risks are now requi...

US wants China to continue regulations to address Bitcoin

Mar 9, 2017


In its latest International Narcotics Control Strategy Report, the United States Department of State recommends for China to continue adapting anti-money laundering regime and financial regulations to address new and developing threats like virtual currencies such as Bitcoin. The recom...