China is studying cryptocurrencies as an investment tool, says PBoC deputy governor

Buzz Staff 2021-04-18 The PBoC deputy governor added that stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin (BTC), saying: "We believe that Bitcoin and stablecoins are encrypted assets," said Li. "Encrypted assets are an investment option, not currency itself. It is an alternative investment, not currency itself. Therefore, we believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment." "In the future, if any stablecoin hopes to become a widely used payment tool, it must be subject to strict supervision, just like banks or…