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China central bank will launch crackdown on virtual currencies

Cryptocurrency Mar 29, 2018 01:40PM ET
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© Reuters. A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing

BEIJING (Reuters) - China's central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday.

The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People's Bank of China (PBOC).

China central bank will launch crackdown on virtual currencies
 

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Spencer Diegel
Spencer Diegel Mar 29, 2018 3:57PM ET
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Reserving rights for the elite while stripping the common man of the very same right, smells an awful lot like fear.
 
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