News Snapshot:
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...
