PBOC to Strengthen Cryptocurrency Regulations in 2018

PBOC to Strengthen Cryptocurrency Regulations in 2018
The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies.

The report emphasizes the risks perceived to be associated with virtual currencies by the Chinese government – specifically the potential for price volatility to ma ...
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