People’s Bank of China Releases Official Statement on Cryptocurrencies
Increase supervision and control to combat cryptocurrency transactions Editorial Note: The following statement has been translated and modified for your convenience. The original statement from the People’s Bank of China can be found here. November 22, 2019 16:50:47 Shanghai Headquarters In recent years, speculation related to virtual currency (such as ICO, IFO, IEO, IMO, and STO) have been refurbished and speculative, prices have skyrocketed, and risks have grown rapidly. Relevant financing entities through the illegal sale, circulation of tokens, and raising funds to investors of Bitcoin, Ethereum and other virtual currency, which is essentially unauthorized illegal public financing, suspected of…





