China can introduce licenses for crypto companies

China can introduce licenses for crypto companies
The Banking Regulatory Commission of China (CBRC) has advocated the introduction of licensing for cryptocurrency activities. The agency"s statement says that any capital transactions related to the blockchain, cryptocurrencies, derivatives, and ICO should be considered as financial services.

WHY IT IS IMPORTANT

In May, the Chinese government set the task of becoming a leader in the field of implementing blockchain into the real economy. The development of distributed registry technology was first supported by the country"s leader Xi ...
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