Protect your wallets: China urges citizens to ‘stay away’ from cryptocurrencies ...News

Russia Today - Economy
Protect your wallets: China urges citizens to ‘stay away’ from cryptocurrencies
source : Russia Today ( News ) () 12
The People's Bank of China (PBOC) has called on Chinese citizens to avoid using virtual currencies, which have not been legalized in the country and are not backed by real value. “Once again, we remind the general public that bitcoin and other virtual currencies are not legal tender and are not confirmed by real value,” the People's Daily portal quoted Yin Yuping, deputy head of the Financial Services Consumer Protection Department at the PBOC, as saying. Also on rt.com China’s central bank calls for tougher measures on digital currencies “Transactions w

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