A member of China's top political advisory board has proposed the creation of a national cryptocurrency exchange and other regulatory systems at one of the two annual sessions of China's Ye Wang, reported on March 3.

Wang Pengjie, member of the Chinese People's Political Consultative Conference (CPPCC), suggests that the People's Bank of China (PBOC) and The China Securities Regulatory Commission (CSRC) should create a blockchain and digital asset management "approval system," "the system of digital asset trading."

Pengjie 's remarks come after a Recent Anniversary of Crypto Bans from China, from September to September 2017.

Pen gbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbc China to pay attention to Blockchain-based technologies. He also mentioned South Korea's crypto regulations, and the fact that the US Nasdaq is considering trading in Bitcoin futures as other impetuses.

Pengjie did mention the issues that working with Blockchain makes up for China, first stating that the " lack of mature independent intellectual property rights […]. "It also refers to the lack of good security in the long run. knowledge that could " easily " lead to fraud by " unscrupulous elements dressed in 'Blockchain' garments, cause serious economic losses ."

A possible solution to these problems According to Pengjie, "the creation of the aforementioned" approval system, "a" real name "system certification

Pengjie also suggested establishing a national Blockchain digital asset trading platform, with the following regulation by the PBOC and CSRC:

"Thus we can provide a formal channel for companies

The CSRC was signed in Australia in November 2017, aimed at promoting innovation between the two countries. The IOC and "exchange-like service" restrictions, in the face of $ 7000 in early February, 2017.