A Better Translation Of People's Bank Of China's First Official Statement On Bitcoin
Earlier today, the People's Bank of China released a statement to financial institutions across China. The statement is in Chinese and has led to many sensationalist headlines that come from poor translations of the actual content. While I don't know mandarin Chinese enough to translate the original document for you, Redditors have stepped up to provide such services. Check out this Redditor's "human translation" of the announcement. Reading through it will reveal the actual top-down sentiment towards Bitcoin in China that is slowly being revealed through these public statements. Here at....
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