PBoC governor takes on Cryptocurrency

PBoC governor takes on Cryptocurrency

The People’s Bank of China (PBoC) governor, Zhou Xiaochuan stated ‘Cryptos face explosive growth’ and added, “We don’t like products that make huge opportunity for speculation that gives people the illusion of getting rich overnight.” CoinDesk reported that the comments by the governor signify ‘increasing level of scrutiny’ over ICOs and crypto trade services.

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