Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies.
Same Old Story; Crypto Bad, Blockchain Good
The People’s Bank of China has issued another warning over its perceived bubble effect associated with cryptocurrency investing. Director of the research bureau of China’s central bank, Xu Zhong, penned the paper along with Zuo Chuanwei, a PBoC analyst, according to reports.
The notion that digital currencies have no intrinsic value

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