China’s Position on Crypto Likely to Harden Under New PBOC Governor (

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


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 …
Google Alert – bitcoin

China’s PBOC Governor Speaks Against Speculative Cryptocurrencies (

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.
Also read:


PBOC Director Advocates State-Issued Cryptocurrency (

The Director of The People’s Bank of China’s (PBOC) Digital Currency Research Institute, Yao Qian, has announced his determination that the issuance of a state-owned digital currency is necessary in order to “fundamentally guarantee the market position of… [China’s] currency”, as reported by Chinese media outlet, Yicai.
Also Read: