Daily Management Review

Central Bank Of China To Impose Crackdown On Virtual Currencies


03/29/2018


The Chinese central bank wants to develop its own digital currency.



A Vice-Governor of Chinese Bank revealed on Thursday, 29 March 2018, that this year the bank will be launching a “crackdown on all types of virtual currencies”.
 
Moreover, the Central Bank is also going to push for taking its own “research and development” on “digital currency” forward, said Fan Yifei’s statement which appeared in the “People’s Bank of China” POBC’s website.
 
References:
reuters.com







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