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PBOC says domestic virtual currency traders and local arms of overseas platforms face scrutiny

NewsFeeds update

A People's Bank of China department head said virtual currencies fail customer identification and anti-money laundering standards and fuel speculation. The PBOC will work with other departments and local governments to target domestic traders and the domestic affiliates of overseas issuance and trading platforms.

RegulationPANewsAIBearish

Read the original on PANews

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.