News Snapshot:
Bitcoin is an ‘alternative investment,’ Chinese official says Li Bo, one of the deputy governors of the People’s Bank of China (PBoC), said over the weekend that and other stablecoins could be considered as ‘alternative investments.’ According to him, the classification will remain valid until there is proper legal clarity. Breaking: Li Bo, deputy governor of the Central Bank of China, said that crypto assets such as Bitcoin should be used as investment tools or alternative investments. This is the first time that the Chinese government has recognized the asset value of cryptocurrencies. pic.twitter.com/bgDIVA1eMJ — Wu Blockchain (@WuBlockchain) April 18,...
