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13 May 2021

China Calls Bitcoin and Stablecoins 'Investment Alternatives' for the First Time Since Crypto Crackdown – Finance Bitcoin News

China Calls Bitcoin and Stablecoins 'Investment Alternatives' for the First Time Since Crypto Crackdown – Finance Bitcoin News


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China Calls Bitcoin and Stablecoins 'Investment Alternatives' for the First Time Since Crypto Crackdown – Finance Bitcoin News.

At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC).

During a panel hosted by CNBC at the Boao Forum for Asia, Li Bo is now naming bitcoin (BTC) with the “investment alternative” term for the first time since the crackdown.

That said, Li unveiled that the PBoC has some plans in regards to developing cross-border solutions with the “e-yuan”:.

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