BTC World News – Ads

Donate to BTC World News

BTC World News Tweets

Like BTCWorldNews

Chinese Payments Association Wants Banks to Identify, Eliminate Bitcoin Activity

Saturday 14th, June 2014 / 09:19

A new report from Chinese financial news agency Caixin says the authorities could be gearing up for another examination of third-party exchange funding methods.

This latest article reports claims of a statement from the Payments and Clearing Association of China (PCAC), a national non-profit organization operating under the business guidance and oversight from the People’s Bank of China (PBOC).

The PCAC recommends stricter enforcement of exchange funding rules, particularly those concerning third-party voucher systems most exchanges employed in the wake of bank account closures in May. Technically, even these methods are not permitted.

Continue reading at CoinDesk

BTC World News Advertising

Facebook Comments

comments powered by Disqus
To top ↑
%d bloggers like this: