Read Full Article “So There Will Be No Fun In It,” One Person Commented On News.
It appears to be downloadable from a website link (currently down) provided by the bank. Chinese internet users were unimpressed with the news there would be no speculating on the virtual currency. [photo/ic] china's top economic regulator announced on tuesday it will intensify regulation over virtual currency mining, as part of the country's ongoing efforts to save energy and cut carbon emissions.
At @Ken Rose Should Be More, They Never Declare Those Mined In China.
Much of the $2 billion in virtual currency is used to play games, but significant chunks are now being traded for real physical goods, like clothes, food and services.the shift of using virtual currency to pay for real products is part of what’s worrying. China has cracked down on virtual currencies by barring institutions from providing services using crypto, but this isn’t new. China’s gold reserves are over 20,000 troy tons.
One Prominent Government Official Said That Virtual Currencies Should Be Banned.
However, other countries, such as china, are taking a harder stance against virtual currencies. First, in the eyes of the chinese authorities, virtual currency is not currency: Pboc clamps down on virtual currencies.
China's Policies For Virtual Currencies Are Consistent, The Pboc Said In A Q&A Statement, Reiterating That Virtual Currencies Do Not Have The Same Legal Status As Fiat Currencies And Cannot Be.
The people’s bank of china issued a circular on preventing and dealing with the risk of speculation in virtual currency transactions on the 24th, comprehensively prohibiting services related to virtual currency settlement and providing trader information. In recent years, increasing speculation surrounding. It's really a digital version of china's official currency, the yuan, and mr guo feels dcep will become the dominant global currency.
China Completely Bans Virtual Currency.
In fact some virtual currency, like the qq coin, is actually affecting the market for the renmibi, china’s actual currency. China first banned bitcoin in 2013. According to a report, the bank is perhaps launching a test run for the country’s virtual currency.