China: Adopted Bank of China Notice on the Management of Payment Acceptance Terminals
Description
Adopted Bank of China Notice on the Management of Payment Acceptance Terminals
The Bank of China adopted a notice on "Strengthening the Management of Payment Acceptance Terminals and Related Businesses". With the aim to stop money laundering and other illegal activities, the notice obliges all merchants in China to use "busine…
Scope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank