Topic: "BTC not a currency per se but can be an alternative asset" China - page 4. (Read 461 times)
April 20, 2021, 03:49:33 PM
The fact that the deputy governor of the People's Bank of China called bitcoin an "alternative investment" is already some progress. However, these are only the words of one official, moreover, not of the highest rank. We need regulations from the highest legislative body in China, or at least its government, which would express a clear attitude towards cryptocurrency. Otherwise, tomorrow another official may say the opposite opinion. This was the case in Russia before, until they adopted a bill in the first reading that actually prohibits the circulation of cryptocurrency and its use as a means of payment.
April 20, 2021, 12:53:47 PM
In an interesting turn of events, China's tone on BTC has "softened". Who was expecting this change in tone? Not me. Not after all the crack downs on exchanges or ICO bans and the works they are doing with their CBDC.
People's Bank of China deputy governor also said they will be looking to craft regulations to prevent speculations of BTC investments. They will most likely convene meetings with traditional companies that are interested.
How do you see this affect BTC and cryptocurrency in general?
Full story: https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html
People's Bank of China deputy governor also said they will be looking to craft regulations to prevent speculations of BTC investments. They will most likely convene meetings with traditional companies that are interested.
How do you see this affect BTC and cryptocurrency in general?
Full story: https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html
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