After meeting with China’s central bank, levies upon transactions going through many of the country’s bitcoin exchanges have been implemented to help deter speculation among high volume traders.
The People’s Bank of China (PBOC), the country’s central bank, held a meeting with nine domestic bitcoin exchanges in the last few days. As a result of this meeting, seven out of the nine exchanges have added a 0.2% transaction fee, which was requested by the PBOC. Three of the exchanges, Huobi, OkCoin , and BTCChina had begun imposing the fees before Chinese New Year which landed on January 28.
