After another meeting of The People's Bank of China with representatives of cryptocurrency exchanges an agreement was reached on the further operation of platforms, informs Forklog.
Conditions consist of eight points connected with transparency and protection against online fraud.
In particular, exchanges committed themselves not to collaborate with companies of doubtful reputation and to fight against money laundering and pyramid schemes.
Under the agreement, exchanges have to share information with other market players, make white and black lists, and at the same time enhance security of databases that contain information about users.
We would like to remind that inspections of Chinese exchanges, conducted by national regulator, caused agitation in the market and weakening of Bitcoin. Traders began to shift from Chinese platforms to exchanges of other jurisdictions, including Japan.
