China’s cryptocurrency ban is not what it seems

The People’s Bank doesn’t want a crypto-free country – it wants to own the market.

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IN ADDITION        

Don’t be surprised if China follows Russia’s lead in launching its own state-issued cryptocurrency by the end of the year. Don’t be surprised, either, if China’s own investors ignore it in favour of unregulated cryptocurrencies that they will continue to invest in despite China having apparently shut down the entire domestic industry in September.

There is plenty going on in the Digital Currency Research Institute at the People’s Bank of China (PBoC).

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