The Central Bank of China urged bitcoin investors to "protect their pockets"

The People's Bank of China continues to remind residents of the country about the risks of cryptocurrency investments. This time, the deputy director of the Consumer Financial Protection Bureau, Yin Yuping, made a corresponding statement.
"We remind people once again that virtual currencies, such as bitcoin, are not legal tender and do not have real value support," 8btc quotes him as saying.
Yin also stressed that transactions related to virtual currencies are carried out exclusively for speculative purposes.
"It is necessary to raise awareness of the risks among the public, so that its representatives deliberately avoid such investments and protect their pockets," he added.
At the end of July, the Chinese Central Bank announced its intention to "maintain increased pressure on the hype around digital asset trading," while praising its own success in this area. Yin confirmed that the regulator does not plan to deviate from the set plan:
"As part of the next step, the central bank will establish a normalized working mechanism to maintain a high-pressure situation and continue to combat operations related to virtual currency transactions."