China’s Central Bank Official Gives Stern Warning on Cryptocurrencies as They are Not Legal Tender and Have No Actual Value

Posted on 08/30/2021

The People’s Bank of China (PBoC) is the central bank of the People’s Republic of China. On August 27, 2021, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, was revealed to have said that Bitcoin (BTC) and other cryptocurrencies “are not legal tender and have no actual value.” His […]

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