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China central bank will launch crackdown on virtual currencies

Published 03/29/2018, 01:40 PM
Updated 03/29/2018, 01:40 PM
© 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.

© Reuters. A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing

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).

Latest comments

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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