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.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
China reported taking control of the cryptocurrency sector
The Chinese regulator reported that it has successfully taken control of the country's cryptocurrency sector and eliminated the threat of digital assets.
British regulator is investigating Sorare's activities
The UK Gambling Commission (UKGC) has warned that fantasy football blockchain platform Sorare does not have a UK gambling license.
