China’s Position on Crypto Likely to Harden Under New PBOC Governor (news.bitcoin.com)

China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency.
Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto

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New Chinese Central Bank Governor Bullish On Bitcoin and Cryptocurrencies.

China has always had a harsh stance on cryptocurrencies. That might change.

Yi Gang was appointed to be the new governor of the People’s Bank of China (PBoC), the Chinese central bank. The newly appointed governor has reported to have positive views on Bitcoin and other cryptocurrencies….

http://thebitplex.com/2018/03/21/pboc-bullish/

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Newly Appointed PBOC Governor Once Called Bitcoin 'Inspiring', Praised Its Accessibility

Yi Gang, who was “unexpectedly” appointed to serve as new governor of the People's Bank of China (PBOC) on March 19, could soften the institution's stance towards cryptocurrencies, given his previously reported positive views on Bitcoin (BTC). According to reports from Chinese media, Yi spoke …
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China’s PBOC Governor Speaks Against Speculative Cryptocurrencies (news.bitcoin.com)

This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), and aims to ramp up regulatory actions.
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