The move to regulate bitcoin exchanges brings assurance that authorities will tolerate some level of trading after months of uncertainty.
As can be seen from the Bitcoin regulations across various countries in the.Chinese authorities are reportedly going to impose further restrictions on bitcoin and other digital currencies, following a recent ban on initial coin offerings.Authorities continue to regard bitcoin as a virtual good, according to people familiar with the matter.
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They say the rules, if implemented, would require exchanges to install systems for collecting and reporting suspicious trading activity to authorities.NIFA also said that cryptocurrencies had no legal base of foundation in China.The latest news and analysis on bitcoin, digital currency and blockchain.
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Some users commenting on the website QQ.com welcomed the regulation, saying it would help the Bitcoin ecosystem.
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