The Chinese government is likely to continue trading in criptocurrency in the coming months with the necessary Know Your Customer (KYC) and Anti Money Laundering (AML) system.
Earlier this week, Xinhua, China's state-owned news publication, revealed that the Chinese government is concerned about criminal activities surrounding cryptocurrencies such as bitcoin. It emphasizes that cryptocurrencies have become one of the "top choices" for the economy and revealed that the government will take appropriate action to regulate the market by implementing a strict licensing program and a strict AML system