China is considering requiring Bitcoin exchanges to disclose large transactions and confirm the identity of users after investors lost money through a fake platform, two people with direct knowledge of the matter said.
The People’s Bank of China, China Banking Regulatory Commission and other regulators have held discussions about drafting rules for trading platforms that facilitate the buying and selling of the virtual money, said the people, who were not authorized to speak because the information is not public. The Bitcoin exchanges may be forced to inform authorities about sizable or suspicious transactions, they said.
