The People’s Bank of China (PBOC) said it would continue to crack down on virtual currency-related business activities in China, in coordination with relevant agencies and local governments.

According to the head of a relevant PBOC department, the focus includes domestic virtual currency trading entities and the China-based affiliates of overseas platforms that issue and trade virtual currencies.

This person believes that cryptocurrencies are currently unable to effectively meet requirements for customer identity verification, anti-money laundering, and certain other aspects, while also being prone to speculation and price inflation in the market.

Source: https://tintucbitcoin.com/pboc-tap-trung-dieu-tra-giao-dich-tien-ao-trong-nuoc/

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