China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of […]
Source link
Chain Articles > Blog > Bitcoin > China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions
China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions
posted on
You Might Also Like
Ethereum's Looming Collapse Is A Lesson In Blockchain Integrity
Jack DaviesJanuary 23, 2025
Follow Guillaume on X. In the world of decentralized networks, the battle lines are drawn not just between different blockchains...
Coinbase Study: Crypto Is Considered a Solution to Failing Financial Systems
Jack DaviesJanuary 23, 2025
A new study commissioned by Coinbase in Argentina, Kenya, the Philippines, and Switzerland shows how crypto is considered an effective...
Texas Court Overturns Tornado Cash Sanctions, Says Cannot Punish Technology: TORN Surges By 180%
Jack DaviesJanuary 23, 2025
The US Fifth Circuit Court of Appeals has overturned sanctions and ruled in the favour of Tornado Cash. In a...
bitcoin++ Hacking Edition 2025: Brazil
Jack DaviesJanuary 23, 2025
The next edition of bitcoin++ will be taking place February 19-22, 2025 at the ACATE Centro de Inovação in Florianópolis, Brazil....