FLASH NEWS: The Chinese government appears to be preparing for resumed cryptocurrency trading in the near future through the implementation of licensing programs and anti-money laundering (AML) systems.*
The legislation would see cryptocurrencies treated as “virtual property” under Chinese law. If enacted, this legislation could potentially establish OKCoin and Huobi, the only two exchanges currently permitted to operate in China, as components of a select, stringently controlled cryptocurrency oligopoly.**

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* Information source: themerkle
**Information provided is not a reliable indicator of future performance

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