A representative of the People's Bank of China said that citizens should be wary of crypto investments.
In an interview with a local news publication, the head of the Central Bank of China (PBoC) said that “the authorities will continue to put high pressure on cryptocurrencies.” According to him, citizens should stay away from digital assets because “they do not carry any value.”
Currently, PBoC is developing a system to monitor and combat crypto transactions.
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According to cointelegraph.com
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