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![]() A self-regulatory association which attracts support from China's banking and securities sector is promising to increase its supervision over cryptocurrencies and initial coin offerings (ICO) in 2018. ![]() 11.Feb.18 11:56 PM By Daria Zaytseva Photo Toinnov.com |
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At its annual meeting on February 9, the China National Internet Finance Association (NIFA) showed that while it has made special efforts to supervise the sector in 2017, it expects this work to become a regular part of the 2018 agenda.
NIFA was also formed to monitor projects that schedule new courses in internet finance, such as peer-to-peer lending and cryptocurrency transactions. The last step also gives an idea of how the association is planning to play a much more rigorous role in monitoring actions associated with cryptocurrencies. |