PBOC’s Zhou: PBOC doesn’t allow payment using cryptocurrencies
|More comments flowing in from the PBOC Governor Zhou, via Reuters, as he speaks this time on the crypto markets.
Key Points:
PBOC doesn't recognize Bitcoin as a payment tool.
Doesn't allow payment using cryptocurrencies.
The central bank doesn't like speculative products.
Also not in favor of products that may trigger speculation.
The rollout of Bitcoin, other cryptocurrencies have been too fast.
Financial products should serve the real economy and be safe.
Future of cryptocurrency rules will depend on assessments.
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