It is reported that chinese government is concerned about money laundering that was the main reason behind crypto currencies ban .
Earlier this week reported by Xinhua, the state-owned news publication of China,
that the government will take measures to regulate the crypto market by a licensing program and strict AML systems.
Source cryptos coin
Since the last month chinese ban on cryptos majority of trading volumes from China moved to neighboring markets such as Japan and which made china to rethink there crypto policy.
It is reported that,
Licensing Program Similar to That of Japan Likely Xinhua noted that the government is considering the possibility of licensing and record-keeping cryptocurrency trades, as local sources including CnLedger have shared. CnLedger, a trusted source of cryptocurrency news in China, stated
it is reported that it definitely possible that the cryptocurrency exchange ban in China is only temporary until the Chinese government releases a stricter record-keeping, licensing, and AML policies for trading platforms.
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