China: Cryptocurrencies should be regulated on October 1st

As you may know, cryptocurrencies have been under severe limitations in China. As a matter of fact, they still are. All of this is going to change on October 1st.

Jinse, media outlet from this country revealed that China will allow implementation of cryptocurrencies. The new transactions and trading will be regulated by the Chinese law. All of them will be available as virtual currencies only.

We also know that only cryptocurrencies such as Okcoin and Huobi will be allowed to circulate in China. All others won’t!

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