Virtual Currencies Expected to Regulated in China on October 1st



Regulation

Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March 15th.

Also Read: Chinese Bitcoin Exchange Executives Allegedly Must Remain in China

Virtual Currencies Are Expected to Be Legislated As “Virtual Property” From October 1

Virtual Currencies Expected to Regulated in China on October 1st

Jinse has reported that the General Principles of the Civil Law of the People’s Republic of China, which is expected to come into effect on October 1st, will see Chinese cryptocurrency regulations…

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