China to ‘maintain a high-pressure situation’ on crypto, official says


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China to ‘maintain a high-pressure situation’ on crypto, official says China has reportedly doubled down on its crypto crackdown with a public reminder stating that ( BTC ) and other digital currencies “are not legal tender and have no actual value.” In a local media briefing , Yin Youping, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), said the central bank will maintain a “high-pressure situation” and continue to crack down on digital currency-related transactions. Continue Reading on Coin Telegraph Disclaimer: Fusion Media would like to remind you that the data...