China's central bank plans crackdown on virtual currencies

Section:

From Reuters
Thursday, March 29, 2018

https://www.reuters.com/article/us-china-finance-digital-currency/china-...

BEIJING -- China's central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said Thursday.

The central bank will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People’s Bank of China.



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