8/27/2021- 8:20 a.m.
Beijing has launched yet another attack on cryptocurrencies via the state-owned Bank of China by reiterating that they are “not legal tender, and have no actual value support”, and just “pure investment speculation”.
BoC deputy director Yin Youping added that the bank will monitor virtual currency trading operations both domestically and overseas, and crack down on websites, apps and other platforms.
“If the general public finds clues about illegal fund-raising crimes, they must promptly report to the relevant departments,” he added.
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