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China to ‘maintain a high-pressure situation’ on crypto, official says

CryptocurrencyAug 28, 2021 09:40AM ET
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China to ‘maintain a high-pressure situation’ on crypto, official says

China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other digital currencies “are not legal tender and have no actual value.”

In a local media briefing, Yin Youping, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), said the central bank will maintain a “high-pressure situation” and continue to crack down on digital currency-related transactions.

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China to ‘maintain a high-pressure situation’ on crypto, official says
 

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Steven Orr
Steven Orr Aug 28, 2021 1:56PM ET
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this is how china fails in the new economy again...
 
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