China internet finance body suggests framework for virtual currencies

A senior executive at China’s internet finance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin.

A senior executive at China’s internet finance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin.