PBoC Official: China's Bitcoin Exchanges Need Strict Supervision
CoinDesk ------ The People's Bank of China (PBoC) should continue keeping a close eye on domestic bitcoin exchanges, a central bank official said this week. According to local news sources, Zhou Xuedong, director of the PBoC's Business Administration unit, advocated for the potential use of blacklists against exchanges that violate the central bank's directives. He also suggested that the PBoC should explore regulating exchanges at the national level and require bitcoin exchanges obtain some form of licensure. To get more in depth information click on the picture below to read the article.