News Snapshot:
China considers crypto assets to be investment alternatives 2021-04-21 A deputy governor of the People’s Bank of China has revealed that the central bank considers cryptocurrencies to be investment alternatives Li Bo, a deputy governor of the People’s Bank of China (PBoC), has revealed that the central bank views cryptocurrency assets as alternative investment vehicles. He said this while discussing the regulatory uncertainty in China regarding digital assets. Chinese journalist Colin Wu broke the news yesterday, adding that this is the first time China is formally recognising the value of Bitcoin and other cryptocurrencies. The PBoC deputy governor stated that...