China's Central Bank Governor: PBOC Won't Ban Bitcoin

China's Central Bank Governor: PBOC Won't Ban Bitcoin

The price of bitcoin recovered from a low of roughly $380 and rose past $420 at press time on 11th April, on the news that Zhou Xiaochuan, the governor of the People's Bank of China (PBOC), had issued new statements potentially clarifying the central bank's position on bitcoin. According to reports, during Boao Forum, Xiaochuan offered his opinion on the nascent technology, saying that China would not seek to ban bitcoin and other digital currencies entirely. Said Xiaochuan: "It is out of the question of banning bitcoin as it is not started by central bank." Xiaochuan continued his....


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