The People’s Bank of China Blasts Bitcoin And Crypto. Once Again.

The People’s Bank of China Blasts Bitcoin And Crypto. Once Again.

For a minute there, it seemed like the FUD was over. The People’s Bank of China contributes to its country’s crypto-crackdown at the “Financial Knowledge Popularization Month,” People’s Daily Online reports from Beijing. Speaking at an event, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China, claimed:  “We remind the people once again that virtual currencies such as Bitcoin are not legal tender and have no actual value support.”  Related Reading | “The Death Of China’s Bitcoin Mining Industry,” 7....


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