China’s central bank official says cryptocurrencies have no actual value

An official of China’s central bank does not recognize that Bitcoin (BTC) and other cryptocurrencies have actual value despite the surging popularity of digital assets. Yin Youping, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) said during a media briefing that these digital coins are purely speculative assets, according to local news outlet People’s Daily Online.
Article links will take you to an external site containing the full news post. We provide no warranties of any kind in relation to the content on these sites.