PBOC Coordinates Action Among Chinese fiat/Bitcoin Interfaces Again: Anti-Money Laundering Being Pushed

The People's Bank of China has again coordinated with a number of Chinese fiat/Bitcoin interfaces to implement new regulatory requirements. This time anti-money laundering suggestions have lead to 30 day suspensions of Bitcoin withdrawals at Huboi and OKCoin while they explore their compliance. Withdrawals of legacy fiat currency and deposits remain available at these interfaces. Other measure being implemented across Chinese fiat/Bitcoin interfaces involve an end to zero fee trading.

The continued interest by the People's Republic's central bank towards Bitcoin this year along with the surprise emergence of Chinese monophone pool operators from nowhere with allegiance to ongoing network coup attempts demonstrates an increasing amount of statal aggression by China towards Bitcoin.

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