In the media leaked "Correction Plan" Chinese bitcoin -exchanges

On Monday, the Chinese news portal 8Btc published a translation of the document, which contained allegedly leaked "correction rules" for bitcoin -exchanges.
   

"For the first time the document that caused the regulatory storm on crypto-exchanges has become available to the public," the publication says.

The State Council is the main administrative body of China under the chairmanship of the Prime Minister and includes the heads of each government agency and agency. On October 13, 2016, the State Council promulgated the "Plan for Special Corrective Work on the Risks of Internet Financing."  The document leaked in the media refers to the plan for the implementation of the State Council from October (No. 21), as well as to a notification submitted by the NBK and 17 other ministries (No. 281), published last December.

The document consists of 10 sections. An image of the original document can be found at Hexun.com, one of the largest financial portals in China. It is reported that it was first published by the user Wechat.

"This guide applies to all trading bitcoin platforms across the country," the first part of the document says.
 

Further it is specified:

"The goal is to prevent illegal financial transactions on bitcoin -exchange exchanges, maintain order in the bitcoin -market, prevent financial risks and protect the interests of investors."  Depending on the results of the inspection, bitcoin -exchanges may require the termination of lending operations in fiat and bitcoins, the introduction of commission fees, the suspension of the removal of bitkoyins and the conduct of business in accordance with the requirements of the law.

"The document confirms that the suspension of withdrawal of funds on Chinese exchanges is a direct consequence of the decree of the authorities," concludes 8Btc.  
  Regular reports on the progress of the correction program contain detailed information on "the main situation on trading platforms, the problems identified in the preliminary investigation, the problems to be further identified, the action plan for future correction, the summary of exchanges within the jurisdiction," reads the publication .

Below is a new set of rules, described in the published document.

1.Do not engage in loans in Fiat and Bitcoins.
2.Transaction fees should not be zero.
3. Do not engage in money laundering.
4.Do not violate the relevant regulatory requirements for currency transactions.
5.Do not make illegal payments.
6.Do not engage in commercial activities that go beyond the scope specified in the business license.
7. Do not violate the rules of the organization of industrial and commercial advertising and other laws and regulations.
8.Do not violate national laws and regulations for operations with securities and futures.