New PBOC Governor Will Likely Intensify Crypto Crackdown

New PBOC Governor Will Likely Intensify Crypto Crackdown

The new governor of People Bank of China (PBOC), Yi Gang will most likely increase the effort in cracking down cryptocurrency in the country. Yi Gang said, “In general PBOC is maintaining tight supervision among virtual currency, in the meantime, the central bank is also exploring a better way for digital currency to play a more active role in service to the real economy.”

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