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Category Archives: Regulation

Why PBOC leads in digital currency R&D?

Mar 31, 2017

Jay

Zhou Xiaochuan, the governor of PBoC was cited at the Boao Forum, an important annual conference held in Hainan province. “If everyone is holding cash, even negative interest rates policy is not able to stimulate the economy. With the popularity of digital currency, cash usage will...

No real breakthrough in 3 core blockchain technology

Mar 24, 2017

chinabtcnews

"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

Jay

Recently, One of the leading Chinese bitcoin exchange, Huobi.com 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

Olusegun Ogundeji

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...