China State News Hints at Bitcoin Exchange Licensing, Resumed Crypto Trading

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China Cryptocurrency ICOs SuspensionThe 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. China state news agency Xinhua recently issued a statement denouncing cryptocurrency, labeling it a tool used by members of criminal organizations to facilitate illegal activities. The state-endorsed editorial piece by reporter Pan Ye advocates a “zero tolerance” approach to cryptocurrency-related crime, but includes a list of regulatory suggestions that indicate an impending crypto exchange licensure apparatus. The Chinese government last month imposed a nationwide ban on cryptocurrency exchanges, causing the price of Bitcoin to

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