The work with crypto-currencies is one of the priority tasks of the People's Bank of China for 2018 as part of the policy to protect the national currency. This was announced on Thursday, March 29, by Deputy Head of the Regulator Fan Yafei, CoinDesk reports.
According to the official's statement published on the official website of the NBK, digital money is one of the three biggest risks to the integrity of the Chinese yuan.
For this reason, the Chinese authorities intend to tighten the regulation of the crypto-currency market both on the territory of the country and beyond, although specific measures at this stage are not called.
At the same time, the NBK confirmed that it is continuing to develop its own crypto currency.
As it became known at the beginning of March, the Agency for the Supervision of Public Information Security of China began to monitor the activities of foreign crypto-exchange platforms, as well as local sites that moved their business abroad.
Earlier this month, the former head of China's central bank, Zhou Xiaochuan, said that the regulator does not recognize bitcoin and other crypto currencies as a means of payment and believes that too rapid spread of such "unreliable" financial products can lead to the most unpredictable negative consequences on the financial market.
At the same time, he replaced him in office and Gan made a somewhat surprising statement, calling bitcoin a currency that gives freedom to any person who uses it.
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