Converted Organics (COIN), Goldman Sachs Group (GS), J P Morgan Chase & Co (JPM), Square (SQ), Tesla Motors (TSLA) - China Calls Bitcoin An 'Investment Alternative' — Why The Move Is Significant
China’s central bank is now calling the world’s biggest cryptocurrency Bitcoin (BTC) an "investment alternative," CNBC reported Sunday, citing the bank’s deputy governor. What Happened: “We regard Bitcoin and stablecoin as crypto assets … These are investment alternatives,” Li Bo, deputy governor of the People’s Bank of China (PBOC), was quoted by the report as saying during a panel hosted by CNBC at the Boao Forum for Asia. The comments mark a potential shift in tone by China, which cracked down on crypto issuance and trading in 2017 amid concerns about the risks to financial ...
Source: benzinga.com