20 October 2018

Bitcoin won’t get legal status anytime soon, paper says

The People’s Bank of China (PBoC) will not give legal status to Bitcoin, a kind of digital currency, anytime soon, 21st Century Business Herald reported Friday, citing Yi Gang {易綱}, deputy governor of the central bank. The PBoC will keep a close eye on the development of the virtual currency,Yi was quoted as saying. Bitcoin trading has picked up in recent days after Baidu, China’s biggest search engine, said it has begun accepting Bitcoin in the mainland, the world’s biggest market for the digital currency, as payment for a certain services.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe