News Snapshot:
China will set up a tracking system for crypto transactions and a state exchange for digital assets The Central Bank of China believes that government agencies should strengthen oversight of the illegal movement of digital assets. Crypto transaction monitoring system In China, as part of strengthening the regulation of digital assets, a system for monitoring transactions in cryptocurrencies will be established. Gou Wenjun, director of central bank’s Anti-Money Laundering Monitoring and Analysis Center, came up with the appropriate initiative. In his view, government agencies need to strengthen surveillance of the illegal circulation of digital assets because of the threats that...
