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This is false, you can still buy/sell bitcoins in China: In addition, websites in China that provide trading services are required to report investors' identit
by dwaltrip 13y ago
This is false, you can still buy/sell bitcoins in China:
In addition, websites in China that provide trading services are required to report investors' identities to regulators and take steps to prohibit money laundering. [1]
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Strengthening regulation of Bitcoin websites
According to the Telecommunications Act and the Regulation on Internet Information Service, websites that provide Bitcoin services like registration, trading etc should register with the telecommunications regulation authorities.
The telecommunications regulation authorities, following the determinations and punishment opinions of the relevant management authorities, close down illegal Bitcoin sites according to law. [2]
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Sources:
[1] http://money.cnn.com/2013/12/05/investing/china-bitcoin/ http://money.cnn.com/2013/12/05/investing/china-bitcoin/
[2] http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/ http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_tra...