Perils in Hosting Virtual Currency Exchanges in China: the Lekuda (OKCOIN Trading Platform) Case

By | Steptoe Blockchain Blog | September 14, 2016

An appellate decision from a provincial high court in northeastern China may help to shed some additional light on the Chinese government’s regulation of virtual currency exchanges in China, the anti-money laundering (AML) and know-your-customer (KYC) expectations placed on these exchanges, and the liability that might accrue to exchanges in the event of criminal activity involving virtual currencies.

Tweet Like LinkedIn LinkedIn Google Plus