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More on the PBOC meeting with BTC exchanges - no financing, no laundering

More on the PBOC meeting with BTC exchanges - no financing, no laundering

Central Banks
Eamonn Sheridan
09/02/2017 | 02:02 GMT

I posted earlier on the People's Bank of China meeting with bitcoin exchnages on Wednesday

As a bit of a catch up to the news that came out late Wednesday China time: PBOC held "closed-door meeting" with bitcoin exchanges on Wednesday

Bit more detail on the wires:

  • PBOC met with 9 BTC exchanges
  • The Bank says it requires the exchanges
  • not to provide financing (no margin lending)
  • Not to do money laundering
  • Not to violate FX rules
  • Not to commit other offenses

PBOC says BTC exchanges risk closure if they commit serious offenses

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