Central Bank of China likely to embrace crypto

Cryptos made in China are rallying because of the breaking news below.
The U.S. government needs to do something rather than making things worse for crypto.

Breaking: Li Bo, deputy governor of the Central Bank of China, said that crypto assets such as Bitcoin should be used as investment tools or alternative investments. This is the first time that the Chinese government has recognized the asset value of cryptocurrencies.

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  1. This is a rather misleading post title and commentary. You are conflating China’s stance on digital currencies and their view on digital assets. China does not view, and will not view Bitcoin or any other crypto assets as currency. China is developing their own digital currency, so is the U.S. China is studying how to regulate crypto assets so as to not cause damage to the real economy, as is the U.S.



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